Market Wrap: Sensex, Nifty end tad higher amid weak global equities : Bulletin: Business Today
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Market Wrap: Sensex, Nifty end tad higher amid weak global equities

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November 11, 2019




Indian shares closed nearly flat on Monday after a choppy trading session, backed by gains in banking indices, that rose 1% to 1.3%. While BSE Sensex ended 21 points higher at Rs 40,345, NSE Nifty rose 5 points to closed at 11,913. Indian markets will be closed on Tuesday for a public holiday.

Benchmark indices that started the day on a tepid note recovered from lossed bythe closing hour to end marginally higher today. Sensex and Nifty fell by the opening bell on Friday, and turned volatile, backed by weak global equities.

Sectorally, strength in PSU Banking, media and realty sector supported the broder indices however weakness in auto, IT, pharma and metal shares limited the gains. Meanwhile, the Nifty realty index rose for a third straight session, gaining 0.8%.

Globally shares reversed gains on Monday, as fresh violence broke out in Hong Kong, while uncertainty still remained over whether the United States and China could end their damaging trade war.

In the meanwhile, Indian rupee weakened 8 paise to 71.34 against the US dollar in early trade and fell later to one month low of 71.46 against the dollar on Monday tracking uncertainty over the US-China trade deal and subdued opening of the domestic equity market.

While companies namely Adani Ports, NMDC, Hindalco, Motherson Sumi Systems and Balrampur Chini Mills posted their September quarter results, firms like Britannia, REIT, Coal India, Metropolis Healthcare, Eros International, Balmer Lawrie, Globus Spirits, Bombay Dyeing, Hindustan Aeronautics and NDTV among others will be posting their results later in the day.
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