Closing Bell: Markets end lower, Nifty settles above 18000, Sensex slips by 80 points

Benchmark indices remained volatile and closed marginally lower, in continuation with yesterday's trend.

Domestic equity benchmarks closed lower for a second straight session on Wednesday, November 10, dragged by losses PSU Bank, Realty and Metal indices which were down 1-2%. During today's trading session, the Sensex fell as much as 466 points and the Nifty 50 index briefly dropped below 17,950. However, the markets staged a recovery from the intraday low levels in afternoon trading after buying interest seen in Reliance Industries, Bharti Airtel, Mahindra & Mahindra and ITC.

At the closing bell on Wednesday, the Sensex was down 80.63 points or 0.13% at 60,352.82, and the Nifty was down 27.10 points or 0.15% at 18,017.20. On the market depth, around 1601 shares have advanced, 1530 shares declined, and 129 shares were unchanged.

Among the top Sensex gainers of the day were, Bharti Airtel, M&M, Reliance Industries, ITC and Sun Pharma. The top losers of the day were IndusInd Bank, Hindalco Industries, Tata Steel, Asian Paints and Titan.

On the sectoral front, PSU Bank, Realty and Metal indices were down 1-2%, while buying was seen in the auto, pharma and oil & gas names. In the broader markets, the BSE midcap index shed 0.5% and smallcap index ended on a flat note.

The trending stock of the day was beauty start-up Nykaa which made a stupendous debut on Wednesday with its market capitalization crossing Rs 1 lakh crore. Shares price of FSN E-Commerce Ventures, the company that owns the Nykaa brand, opened at ₹ 2,018 on the NSE, up by 79% from its issue price of Rs 1,125 per share. Shares of Nykaa rose as much as 99% to hit an intraday high of Rs 2,235 on the National Stock Exchange.