Sensex slides 37.40 points, Nifty rises 4.70 points as Markets remain volatile

 

Mumbai : The 30-share pack Sensex came down 37.40 points or 0.08 per cent to 44,618.04 at close on Wednesday while NSE index Nifty rose 4.70 points or 0.04 per cent to 13,113.75.

Tata Motors rose over 2 per cent post November sales data while Phoenix Mills surged 11 per cent after signing a deal with GIC affiliate.

For the second day in succession, GAIL was the top bluechip gainer. Banks and other Financials witnessed profit booking. Among the top losers was Kotak Bank.

Investors are continuing to focus on Covid vaccines and global cues, said experts as UK became the first country to go in for Pfizer Vaccine. Experts further said that investors would watch Market Services PMI data for November which is expected to improve.

At NSE, GAIL was the top gainer in Nifty as the stock rose 4.88 per cent to Rs 116.10. Among the other major gainers were Asian Paints, ONGC, Coal India, Titan Co, Adani Ports, SBI Life Insurance and Tata Steel.

Kotak Mahindra Bank was the major loser in the pack as it came down 3.35 per cent to Rs 1813. The major losers were HDFC Bank, HDFC, Shree Cements, ICICI Bank, Nestle India, Bajaj Finance, and HDFC Life Insurance.

Moil, Century Textiles, Rain Industries, Indian Hotels, Adani Enterprises and Tata Chemicals were the topmost gainers from Midcap and Smallcap indices, rising in the range of 5 to 8 per cent.

Canara Bank, Trent, Aditya Birla Capital, CSB Bank, Balrampur Chini Mills and Westlife Development were the major losers from the Broader Market space decline 2 to 6 per cent.

Sector-wise Nifty Realty was the biggest gainer rising 2.96 per cent followed by Nifty Metal which gained 2.56 per cent.

The Market breath was in favour of gainers as 1719 stocks ended in the green while 1202 settled with cuts. A total of 229 securities hit the 52-week highs mostly from smallcap space. Thirty nine stocks hit the 52-week lows mostly from micro-cap space.

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