November 28, 2022

Breaking News

Sensex, Nifty End Flat; Investors Cautious Of Covid Situation In China

Sensex, Nifty End Flat; Investors Cautious Of Covid Situation In China

The benchmark S&P BSE Sensex gained 0.15 per cent or 91.62 points to close at 61,510.58, while the NSE Nifty 50 index added 0.13 per cent or 23.05 points to settle at 18,267.25

Indian equity benchmarks ended flat on Thursday as investors remained cautious of the Covid situation in China and awaited the November meeting minutes of the US Federal Reserve.

The benchmark S&P BSE Sensex gained 0.15 per cent or 91.62 points to close at 61,510.58, while the NSE Nifty 50 index (.NSEI) added 0.13 per cent or 23.05 points to settle at 18,267.25.

“Markets moved in a narrow range with strong bouts of intra-day volatility ahead of the monthly F&O expiry. Traders mostly preferred to stay cautious before the FOMC minutes release and the Fed’s comments which would determine the trend in the near term. Global factors like China imposing lockdowns in several of its cities and its impact on the global economy would continue to hurt the market sentiment,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities.

Read Also  Is Covid back? China reports sharp rise in coronavirus cases; 40,000 in fifth consecutive day

Apollo Hospitals, JSW Steel, HDFC Life, SBI and Bajaj Finance were among the Nifty gainers, while losers were Adani Enterprises, Power Grid Corporation, Adani Ports, Hero MotoCorp, and Tech Mahindra.

On the sectoral front, PSU bank oil & gas, metal, up 0.5-1 per cent.


Doonited Affiliated: Syndicate News Hunt

Source link

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *