Stock market today: Sensex, Nifty 50 end in the green; auto, metal stocks shine

Global cues were largely positive on better-than-expected Chinese data. As Reuters reported, “China’s industrial output grew 7 per cent year-on-year in the January-February period, while retail sales rose 5.5 per cent year-on-year. But real estate remained a worry as property investment fell 9 per cent on the year”.

The market’s focus is now directed towards the upcoming monetary policy meetings of major central banks such as those of the US, UK, and Japan scheduled for this week.

Also Read: Federal Reserve meet in focus: Will the Fed give clear signals on rate cuts? Top experts weigh in

The Nifty 50 opened at 21,990.10 against the previous close of 22,023.35 and touched its intraday high and low of 22,123.70 and 21,916.55 respectively. The index finally closed 32 points, or 0.15 per cent, higher at 22,055.70.

The Sensex opened at 72,587.30 against the previous close of 72,643.43 and touched its intraday high and low of 72,985.89 and 72,314.16 respectively. The 30-share pack closed 105 points, or 0.14 per cent, higher at 72,748.42.

Shares of Reliance Industries, Tata Steel and Mahindra and Mahindra were the top contributors to the rise in the Sensex. However, shares of Infosys, TCS and HDFC Bank ended as the top drags on the index.

Mid and smallcap indices underperformed the benchmarks. The BSE Midcap index ended 0.04 per cent up while the Smallcap index ended 0.07 per cent lower.

Top Nifty 50 gainers today

Shares of Tata Steel (up 5.01 per cent), Mahindra and Mahindra (up 3.31 per cent) and JSW Steel (up 2.81 per cent) closed as the top gainers in the Nifty 50 index.

Top Nifty 50 losers today

Shares of UPL (down 2 per cent), Infosys (down 1.97 per cent) and Tata Consumer Products (down 1.95 per cent) closed as the top losers in the Nifty 50 pack.

(More to come)

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Published: 18 Mar 2024, 03:31 PM IST