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Sensex ends 140 pts lower, Nifty below 19,700 weighed by auto, metal stocks

Closing Bell on Monday, November 20, 2023: In the broader markets, the BSE MidCap index ended mildly lower, down 0.06 per cent, while the BSE SmallCap index jumped 0.39 per cent

Stock market highlights: Benchmark indices started the week on a sombre note as weakness in metal, auto, and FMCG stocks capped gains. The S&P BSE Sensex swung 296 points intraday before closing 140 points, or 0.21 per cent, lower at 65,655 levels.

The Nifty50, on the other hand, ended at 19,694, down 38 points or 0.19 per cent.

The frontline indices were dragged by Adani Enterprises, M&M, SBI Life, Bajaj twins, Ultratech Cements, Tata Motors, JSW Steel, Asian Paints, HUL, UPL, L&T, Tata Steel, Sun Pharma, Nestle India, Axis Bank, ITC, and Reliance Industries. These stocks fell between 0.3 per cent to 2.5 per cent.

In the broader markets, the BSE MidCap index ended mildly lower, down 0.06 per cent, while the BSE SmallCap index jumped 0.39 per cent.

Among sectoral indices, the Nifty Auto index declined 0.77 per cent, the Nifty Media 0.53 per cent, the Nifty Metal 0.48 per cent, and the Nifty FMCG index 0.40 per cent. On the upside, the Nifty IT index added 0.57 per cent.

3:58 PM

Comment :: 'Utilise this phase to gradually add quality names'

We are seeing a time-wise correction in Nifty so far despite the underperformance of the banking pack. Besides, the pause in the US markets is also capping the move. Amid all, we reiterate our bullish view on the index and suggest continuing with the “buy on dips” approach. Traders should stick with the other performing sectors and utilise this phase to gradually add quality names.

Views by: Ajit Mishra, SVP - Technical Research, Religare Broking

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SmallCap Heatmap :: Index ends 0.39% higher; check top gainers and losers

3:41 PM

MidCap Heatmap :: Index slips 0.06%; Here're the top gainers and losers of the day

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Sectoral trends :: Auto, metal indices sit at the lower end of the spectrum

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Sensex Heatmap :: Airtel, IT stocks trim losses; Bajaj twins, auto stocks weigh

3:36 PM

CLOSING BELL :: Nifty shuts shop below 19,700

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CLOSING BELL :: Sensex ends lower for 3rd day, falls 140 pts

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