CLOSING BELL: Sensex closed at 60,614 levels, down by 420 points and Nifty50 fell 121 points to shut shop at 18,036
Published On: Thursday, November 10, 2022 | By: Team KnowMyStock
Closing Bell: Global stock markets, including Indian, remained subdued today(10 November 2022) as nervousness in the cryptocurrency markets spilled over into equities. In addition, investors' interpretation of the incoming results from the US mid-term elections kept the sentiment in check. Further, the sentiment was also impacted due to nervousness ahead of US CPI data for October. A higher-than-expected print can see the US Fed hike rates more than consensus estimates in its December policy review. That apart, the weekly F&O expiry, back home, was also partly responsible for the overall weak sentiment. The S&P BSE Sensex closed at 60,614 levels today, down by 420 points or 0.69 percent. It had hit a low of 60,425.47 during the day. The NSE Nifty50, on the other hand, fell 121 points, or 0.66 percent, to shut shop at 18,036. The index breached below the 18,000 mark during the day to hit a low of 17,969.40.
25 of the Sensex constituents, and 39 of the Nifty50 constituents settled in the negative zone led by Tata Motors, Axis Bank, Bajaj Finserv, M&M, Titan, Grasim, Bajaj Finance, Apollo Hospitals, and IndusInd Bank. Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy's Labs, meanwhile, eked out gains up to 2.6 per cent.
Sectorally, all the indices ended in the red with indices falling in the range of 0.3 per cent to 2 per cent.
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