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Sensex and Nifty close with Marginal Gains
Sensex fell 19 points & Nifty ends above 15,900 mark
Key domestic indices today closed with marginal gains amid mixed global cues. While PSU banks, metals and auto shares advanced, private banks and IT stocks declined.
Key domestic indices today closed with marginal gains amid mixed global cues. While PSU banks, metals and auto shares advanced, private banks and IT stocks declined.
The S&P BSE Sensex added 14.61 points or 0.03 per cent to end at 44,632.65 while the NSE Nifty 50 index rose 20.15 points or 0.15 per cent to settle at 13,133.90, its record closing high. However, Nifty Bank lost 14.40 points, or 0.05 per cent, to settle at 29,448.75.
The broader market at BSE outperformed the Sensex as the BSE Mid-Cap index surged 0.85 per cent while the BSE Small-Cap index appreciated 0.68 per cent.
On the BSE, 1988 shares rose and 928 shares fell. On the Nifty 50 index, 35 shares advanced and 15 shares declined.
The major gainers on Nifty 50 were Maruti (up 7.33 per cent), NTPC (up 4.22 per cent), ONGC (up 4.18 per cent), Hindalco (up 4.03 per cent) and SBI (up 3.83 per cent). The major losers were SBI Life (down 2 per cent), HDFC Bank (down 1.84 per cent), TCS (down 1.44 per cent), Infosys (down 1.39 per cent) and Bajaj Auto (down 1.19 per cent).
COVID-19 Update
Total COVID-19 confirmed cases worldwide were at 6,45,08,746 with 14,92,998 deaths. India reported 4,22,943 active cases of COVID-19 infection and 1,38,648 deaths while 89,73,373 patients have been discharged, data showed.
India Services Business Activity Index
The seasonally adjusted India Services Business Activity Index fell to 53.7 in November 2020 from 54.1 in October 2020. The Indian services economy remained on the right path to recovery during November 2020, with a further upturn in new work supporting business activity growth and the first rise in employment for nine months.
Moreover, the overall level of positive sentiment climbed to the highest since February 2020 amid predictions that market conditions would normalise once a vaccine for COVID-19 is rolled out. Rates of inflation for input costs and output charges accelerated, both of which outpacing their respective long-run averages. The Composite PMI Output Index was down to 56.3 in November 2020 from 58 in October 2020. Indian private sector activity rose for a third straight month in November but the pace of growth softened from October's near nine-year high. Rates of increase eased at manufacturers and service providers.
