Sensex ends flat amid lacklustre trade; Hero Moto zooms 5%, Cipla tanks 8%
Closing Bell on November 23, 2023: In the broader market shares of realty, sugar and textile companies logged strong gains. SmallCaps too outperformed on Thursday.
 "Stock brokers")
Stock brokers (Photo credit: Kamlesh Pednekar)
Stock market highlights: Indian benchmark indices exhibited lacklustre trade on Thursday amid mixed global cues.
The S&P BSE Sensex touched a high of 66,235, and a low of 65,981, before settling almost unmoved at 66,018 - down five points. The NSE Nifty50 managed to sustain above the 19,800 level for the second straight day, even as it closed 10 points lower.
Among the broader indices, the BSE MidCap gained 0.2 per cent, while the SmallCap added 0.5 per cent. Sectorally, realty, sugar and textile shares logged strong gains.
Hero MotoCorp up nearly 5 per cent was the top gainer among the Nifty 50 stocks. Bajaj Auto rallied over 3 per cent. BPCL, Eicher Motors, IndusInd Bank, Coal India and JSW Steel were the other major gainers, up 1 - 2 per cent each.
On the other hand, Cipla tanked almost 8 per cent. UltraTech cement, LTIMindtree, SBI Life Insurance and Larsen & Toubro were the other significant losers.
Among the broader indices, the BSE MidCap gained 0.2 per cent, while the SmallCap added 0.5 per cent. Sectorally, realty, sugar and textile shares logged strong gains.
Primary Market Update
Tata Technologies IPO was subscirbed 13.6 times as of 3:45 PM on Day 2 of the offer period. The retail portion was subscribed 10.6 times.
Similarly, Gandhar Oil Refinery IPO was subscribed 13.8 times; Flair Writing Industries was subscribed 5.3 times and FedBank Financial Services was subscribed up to 80 per cent.
Meanwhile, Indain Renewable Energy Development Agency (IREDA) IPO which closes today was subscribed over 38 times. The QIB portion saw bids up to 103 times, NIIs 24 times, retail 7.4 times and Employee Reserved 9.2 times.
3:58 PM
![]()
COMMENT:: Undercurrent seems to be stronger in the broader market
"Range-bound momentum continued on main indexes as the market looked for new triggers for a decisive move beyond the 19,800 level. However, broad markets, undercurrent is strong and rapid buying has emerged in the mid- and small-cap counters as bargaining strategy arose on recent underperforming stocks. The declining oil prices and ease in US bond yields are the key positives for a broader recovery for the market. The European market was mixed ahead of the ECB minutes and the release of manufacturing index data."
- Vinod Nair, Head of Research at Geojit Financial Services
3:50 PM
![]()
Market breadth was positive; 2,066 stocks advanced v/s 1,638 declining shares on the BSE
3:47 PM
![]()
Sectoral Check:: Metals, reatly gain; pharma, IT slip
3:46 PM
![]()
Broader Market Check:: SmallCaps outrun; India VIX dips 5%
3:44 PM
![]()
Nifty Movers & Shakers:: Hero Moto, Bajaj Auto shine; Cipla whines
3:42 PM
![]()
Sensex 30 Heatmap:: 15 Gainers v/s 15 Losers
3:40 PM
![]()
CLOSING BELL:: NSE Nifty50 settled 10 pts lower at 19,802
3:38 PM
![]()
CLOSING BELL:: S&P BSE Sensex ends 5 pts lower at 66,018
chart
3:25 PM
![]()
Global Check:: US, UK stock futures hold marginal gains
Source: Investing.com
3:16 PM![]()
Sugar shares rally up to 13% on positive outlook; Balrampur hits 52-wk high
Magadh Sugar & Energy, Avadh Sugar & Energy, Uttam Sugar Mills and Dalmia Bharat Sugar and Industries rallied in the range of 10 per cent to 13 per cent on the BSE in Thursday's intra-day trade. READ MORE
3:05 PM
![]()
ALERT:: Textile stocks dazzle; Nandam Denim, Nahar Spinning soar up to 12%
2:53 PM![]()
Govt plans to ask ONGC to consider $1.9 billion rights issue to fund HPCL
The comments come after India's finance minister announced a plan this year to provide equity of 300 billion rupees ($3.6 billion) to help the big state oil refiners move towards cleaner energy. READ MORE
2:41 PM
![]()
ALERT:: Emami Reatly, Indiabulls Realestate lead bull-charge in real estate shares
2:32 PM
![]()
ALERT:: Sugar shares in demand, rally up to 10%
2:19 PM![]()
Hero MotoCorp hits 33-mth high, zooms 15% in 9 days on record festive sales
Last week the company said it recorded highest-ever festive sales, clocking more than 1.4 million units in retail sales during the 32-day festive period. READ MORE
Topics : Stock Market Sensex MARKET WRAP MARKET LIVE Markets Markets Sensex Nifty Infosys SBI stock stock market trading Mamaearth Indian stock market National Stock Exchange
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Nov 23 2023 | 8:14 AM IST
