FINAL TRADE: Sensex finishes 326 pts lower, Nifty slides to 19,444 dragged by financial, IT stocks; Coal India surges
Stock market today: The Sensex index lost 325.6 points, or 0.5 per cent, to end at 64,933.9 and the broader Nifty gauge settled at 19,443.6, down 82 points, or 0.4 per cent, from its previous close.
Stock market today: Domestic equity benchmarks finished the first full session of Samvat 2080 with minor losses amid selling pressure in financial, IT and FMCG shares, as Dalal Street took mixed signals from global markets ahead of a crucial inflation reading from the US due this week.
The Sensex index lost 325.6 points, or 0.5 per cent, to end at 64,933.9 and the broader Nifty gauge settled at 19,443.6, down 82 points, or 0.4 per cent, from its previous close.
The high-beta Nifty Bank barometer closed with a cut of 0.24 per cent at 43,891.3.
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Broader indices Nifty Midcap 100 and Nifty Smallcap 100 eked out gains of 0.1 per cent and 0.7 per cent, respectively.
Investors also awaited official monthly data on retail inflation in the country due later in the day for domestic cues.
Here are stock stocks that buzzed the most today:
-Biocon shares slipped over 3 per cent after the company's stock was downgraded with a lower stock price.
-Glenmark Pharmaceuticals shares were down nearly 5 per cent after posting its September quarter results which missed estimates.
-BSE shares ended over 9 per cent higher after profit at the company for the September quarter soared 3.5 times its revenues.
-Eicher Motors shares traded over 2 per cent higher after posting Q2 results.
-Hindustan Copper shares settled over 8 per cent higher after posting its Q2 numbers.
-Motilal Oswal shares were up over 8 per cent post its earnings call.
-Coal India shares were up over 5 per cent a day after the company posted its Q2 results.
Asian shares edged lower Monday in quiet trading ahead of a meeting this week between US President Joe Biden and Chinese leader Xi Jinping.
The US futures were lower and oil prices extended three weeks of losses as the risk premium for the Israel-Hamas war unwinds and crude shipments increased from Russia and the United States.
Stocks gained in Hong Kong and South Korea, while those in Japan, Shanghai, and Australia were little changed, edging lower. Biden and Xi are due to meet on Wednesday in California for the first engagement in a year between the leaders of the world's two biggest economies.
On Friday, Wall Street rose sharply to add to an already strong November, which is on track to be one of the market's best months of the year.
(With agency inputs)