Sensex Ended 98 Points Lower to 38,756 While The Nifty50 Was Down 24 Points to 11,440
On Wednesday, 14 September 2020, The Indian market witnessed profit-taking at higher levels on September 14, pushing the Sensex below the crucial 39,000 level while the Nifty50 closed below 11,450.
The S&P BSE Sensex ended 98 points lower to 38,756 while the Nifty50 was down 24 points to 11,440.
If you talk about sector-wise performance, the top sectors which benefited in today’s market stand to be IT, realty, consumer durables, and consumer discretionary stocks while in sectors like visible in telecom, banks, finance, and energy stocks profit-taking was seen.
The broader markets outperformed benchmark indices. The S&P BSE midcap index rose 1.5 percent while the S&P BSE smallcap index was up 4 percent.
Infosys, Wipro, TCS, and HCL Technologies were among the top Nifty gainers.
BPCL, Bajaj Finance, and Bharti Airtel were among the top Nifty losers.
Stocks of the day
If talking about the stock sector-wise, the S&P BSE IT index was up 4.7 percent followed by the realty index that rose 3.8 percent and the consumer durable index closed with gains of 3.4 percent.
Profit-taking was visible in the S&P BSE telecom that was down 2 percent. The Bankex fell 1.5 percent and the finance index slipped 1.3 percent.
A volume spike of more than 100 percent was seen in Apollo Tyres, Bosch, PNB, and Idea.
The stocks like Indigo, MindTree, and Amara Raja Batteries showed Long buildup.
The stocks like UBL, Bharti Airtel, and Bajaj Finance showed a short buildup.
More than 150 stocks on the BSE including Dixon Technologies, APL Apollo, L&T, TCS, RIL, Escorts, and MindTree. hit a fresh 52-week high.
Gold prices fell marginally to Rs 51,394 per 10 gram in the Mumbai market on rupee appreciation and subdued global cues. Mixed global cues on dollar weakness and global economic growth concerns supported the precious metal.
Silver prices rose to Rs 68,238 per kg as participants increased their long positions. The precious metal settled with a gain of 0.5 percent last week on the COMEX.
Cotton futures fell marginally 0.22 percent to Rs 17,800 per bale as participants increased their short positions as seen from open interest. Cotton futures on the Multi-Commodity Exchange (MCX) settled with a gain of over 1 percent on Friday on increased demand by millers.
Crude oil futures inched lower to Rs 2,727 per barrel on September 14 as participants increased their short positions on concerns over falling demand due to slow economic recovery and excess supply.