Stock Market Today: Sensex, Nifty End Volatile Session Higher; FPIs Remain Sellers
The S&P BSE Sensex closed up 143 points or 0.23% at 60,806.22 while the NSE Nifty 50 was 22 points or 0.12% higher at 17,893.45.
KEY HIGHLIGHTS
FPIs Remain Sellers
Overseas investors in Indian equities remained net sellers for the sixth day in a row on Thursday.
Foreign portfolio investors offloaded equities worth Rs 144.73 crore, according to data from the National Stock Exchange.
On the other hand, domestic institutional investors sold stocks worth Rs 205.25 crore snapping the 13 days buying streak.
Foreign institutions net bought Rs 14,398.8 crore worth of Indian equities in December, but have remained net sellers of Rs 48,336.92 crore worth of Indian stocks so far in 2023.
Rupee Weakens Against The U.S. Dollar
The local currency weakens by 3 paise against the greenback on Thursday to 82.52 at close. It closed 82.49 on Wednesday.
Source: Bloomberg
Yield On The 10-Year Bond Flat
The yield on the 10-year bond closed flat at 7.34% on Thursday.
Source: Bloomberg
Sensex, Nifty Close Marginally Higher
The Indian benchmark indices eked gains at close as I.T. stocks staged a recovery in the second half of the session.
In the first half, the headline indices traded flat through volatility as Adani group stocks resumed rout on MSCI review after investors raised concerns. Shares of Adani group comapnies declined, with the exception of Adani Wilmar Ltd. shares that advanced in trade.
Asian markets were mixed as Chinese and Hong Kong stocks advanved. Hawkish comments from Federal Reserve officials prompted investors to rethink expectations about the U.S. peak rates. U.S. futures gained as investors digested a slew of earnings reports and awaited data on the jobless claims.
The S&P BSE Sensex closed up 143 points or 0.23% at 60,806.22 while the NSE Nifty 50 was 22 points or 0.12% higher at 17,893.45.
Bajaj Finserv Ltd., HDFC Life Insurance Co., Hindalco Industries Ltd., Asian Paints Ltd., and IndusInd Bank Ltd. were the top gainers in the gauge.
Whereas, Adani Enterprises Ltd., Adani Ports and SEZ Ltd., Hero MotoCorp Ltd., Cipla Ltd., and JSW Steel Ltd. were the top losers amongst the NSE Nifty 50 constituents.
The broader market indices traded flat; S&P BSE MidCap was down 0.01%, whereas S&P BSE SmallCap was higher by 0.15%.
Twelve out of the 20 sectors compiled by BSE declined, while the eight advanced in trade.
The market breadth was spilt in the middle between the sellers and buyers. About 1,611 rose, 1,686 declined and 149 remained unchanged on the BSE.
NCLT Approves Merger Of Six Wholly Owned Units Of Adani Power With Self
NCLT has approved the merger of Adani Power Maharashtra, Adani Power Rajasthan, Udupi Power Corporation, Raipur Energen, Raigarh Energy Generation and Adani Power (Mundra) with Adani Power.
Source: Exchange filing
