On Friday, Indian benchmark indices, Sensex and Nifty, bounced back from early losses and edged higher in a volatile session
Stock Market Today: The benchmark equity indices ended their 5-day winning streak and closed in the red after the Reserve Bank of India’s (RBI) Monetary Policy Committee, led by Governor Shaktikanta Das, decided to keep the repo rate unchanged at 6.5%.
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The Sensex settled lower by 56.74 points, or 0.07%, at 81,709.12, trading between 81,925.91 and 81,506.19. The NSE Nifty50 finished at 24,677.80, up 30.60 points or 0.12%. It reached an intra-day high of 24,751.05 and a low of 24,620.50.
Among the Nifty50 stocks, 32 out of 50 ended in the red, with losses led by Adani Ports, Cipla, Bharti Airtel, HDFC Life, and IndusInd Bank, with declines up to 1.51%. Meanwhile, Tata Motors, Bajaj Auto, Axis Bank, BPCL, and Dr Reddy’s Labs were among the 18 stocks that posted gains, with increases up to 3.21%.
The broader markets outperformed the benchmarks, with the Nifty Midcap100 and Nifty Smallcap100 indices gaining 0.45% and 0.82%, respectively.
Global Cues
However, benchmark equity indices on Wall Street dipped overnight, a day after all three major US stock indices closed at record highs, helped by comments from Federal Reserve Chair Jerome Powell that policymakers could potentially be a little more cautious in cutting rates further. The Dow Jones Industrial Average fell 0.55 per cent, to 44,765, the S&P 500 dropped 0.19 per cent, to 6,075 and the Nasdaq Composite lost 0.18 per cent, to 19,700.
That apart, the closely watched US ISM survey showed services sector activity slowed in November after posting big gains in recent months. Benchmark 10-year Treasury yields were little changed as investors digested slightly higher jobless claims data. European stocks closed at a more than one-month high on Thursday.
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Meanwhile, markets in the Asia-Pacific region were mixed on Friday, tacking the lower overnight close on Wall Street.
Japan’s Nikkei 225 was down 0.83 per cent, while the Topix was lower by 0.62 per cent. South Korea’s Kospi was down by 0.86 per cent, and the Kosdaq had shed more than 3 per cent. Australia’s S&P/ASX 200 was behind by 0.57 per cent. Hong Kong’s Hang Seng index was higher by 0.21 per cent, and the CSI 300 was 0.13 per cent higher, while the Shanghai Composite was ahead by 0.16 per cent.
