Closing Bell: Indian markets snap four-day losing streak, ends above the flatline

Closing Bell: Indian markets snap four-day losing streak, ends above the flatline

by 5paisa Research Team Last Updated: Nov 23, 2021, 04:26 PM IST

Domestic equity indices managed to stay above the flatline after four days led by gains in financial, oil & gas and metal stocks.

Indian equity markets snapped their four-day losing streak on Tuesday led by gains in metal, PSU banks, pharma and oil & gas stocks. The benchmarks opened with a gap down, however, staged a recovery on the back of short-covering. During today's trading session, the Sensex recovered over 1,100 points from the day's lowest level and Nifty 50 index moved above 17,500 after hitting an intraday low of 17,216.

At the closing bell on November 23 Sensex ended 198 points higher at 58,664 and Nifty 50 index advanced 87 points to close at 17,503. On the market depth, around 2346 shares have advanced, 829 shares declined, and 153 shares were unchanged.

Among the top gainers on the Sensex were, Power Grid, NTPC, Tata Steel, Sun Pharma, Bharti Airtel and Bajaj Finserve. Top losers of the day include IndusInd Bank, Asian Paints, Infosys, and Bajaj Auto.

Among the sectoral indices, except IT, all other indices closed in the green, with power, metal, realty, pharma, capital goods, oil & gas, PSU bank indices up 1-3%. In the broader market, BSE midcap and smallcap indices rose over 1% each.

Trending stocks of the day were Power Grid which rose by 4% to close at ₹ 202. JSW Steel, Coal India, NTPC, Adani Ports, Britannia Industries, Divi's Labs, Tata Steel, Bharti Airtel and Tata Motors also rose between 2-4%.

The buzzing stock of the day was Latent View Analytics which made a blockbuster stock market debut as the shares opened for trading at Rs 512 compared with its issue price of ₹ 197, marking a gain of 160%.

SENSEX
54,884.66
632.13 (1.17%)
Nifty 50
16,352.45
182.30 (1.13%)
Nifty Bank
35,613.30
518.40 (1.48%)
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SENSEX
54,884.66
632.13 (1.17%)
Nifty 50
16,352.45
182.30 (1.13%)
Nifty Bank
35,613.30
518.40 (1.48%)

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