Indian equity indices slipped on Thursday amid mixed sentiment in global markets. At 9:50 am, the Sensex was down 28 points or 0.04% at 77,309 and the Nifty was down 16 points or 0.07% at 23,499.
Financial stocks led the market higher. Nifty Bank gained 153 points, or 0.30%, to 51,558 points.
Compared to large-cap stocks, mid-cap and small-cap stocks perform better. The Nifty Midcap 100 index gained 334 points or 0.61% to 55,286 points and the Nifty Smallcap 100 index gained 97 points or 0.54% to 18,257 points.
Among the Sensex sectors, Kotak Mahindra Bank, HDFC Bank, Tata Motors, Tata Steel, Titan Company, UltraTech Cement, Bharti Airtel and M&M are among the top winners. Sun Pharma, Bajaj Finance, Bajaj Finserv, Nestlé and HCL Tech are among the biggest losers.
Among industrial indexes, stocks, materials and metals are among the biggest winners. Engineering, IT, pharmaceuticals and FMCG were the sectors that suffered the biggest decline. According to the experts of the market, “The clear picture of the market today is that the differences in the industry are very strong. There is a lot of money flowing into high-end funds that pay directly in in the banking industry, with record profits occurring in industries such as jewelry, telecommunications, metals, and consumer goods.” In the short term, Churn will continue as this appears to be healthy, and the market gap is starting to close.
“The FII buying trend has stopped again since they came out as big buyers yesterday and reported positive sales for June. “Markets are still strong as FIIs and DII to consumers,” they added. Incorporated trading is conducted in Asian markets. The markets of Tokyo, Shanghai, Hong Kong and Bangkok all suffered losses. Meanwhile, Seoul and Jakarta are green powers. US stocks closed higher on Wednesday.
