Stock market midday report: Sensex declines 45 points, Nifty around 17,400

#BSE #Nifty #NSE

Sensex is presently trading at 58420.51, down 45.38 points or 0.08%
Nifty is presently trading at 17437.45, up 20.90 points or 0.12%
Asian markets were mostly in the red

Written By:Yash

Updated: November 22 2021 09:36:54 PM ET

Although Indian stock indexes recovered in the late morning session, the Sensex and Nifty were trading mixed due to negative inputs from other Asian markets.

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On the global front, Asian markets were mostly in the red, with the Straits Times down 3.72 points or 0.11% to 3,233.36, the Hang Seng down 245.40 points or 0.98% to 24,705.94, the Taiwan Weighted down 80.38 points or 0.45% to 17,723.16, the KOSPI down 13.93 points or 0.46% to 2,999.32, and the Jakarta Composite down 34.89 points or 0.52% to 6,688.50.

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The BSE Sensex is presently trading at 58420.51, down 45.38 points or 0.08% from a high of 58472.36 and a low of 57718.34. On the index, there were 18 stocks that advanced and 12 stocks that declined.

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The wider indexes were trading in the green, with the BSE Mid-cap index up 1.32% and the Small-cap index up 1.29%.

Metal was up 3.55%, Realty was up 2.09%, Utilities was up 1.99%, Basic Materials was up 1.96%, and PSU was up 1.67% on the BSE, while IT was down 0.28%, Energy was down 0.26%, TECK was down 0.12%, and Bankex was down 0.02%.

Tata Steel, Power Grid, Sun Pharma, Bharti Airtel, and Nestle were the top gainers on the Sensex, up 3.42%, 2.93%, 1.43%, 1.22%, and 1.19%, respectively. The biggest losers were IndusInd Bank, which fell 2.19%, Asian Paints, which fell 1.63%, Infosys, which fell 1.29%, Reliance Industries, which fell 0.66%, and ICICI Bank, which fell 0.64%.

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The CNX Nifty is presently trading at 17437.45, up 20.90 points or 0.12% after fluctuating between 17216.10 and 17449.00. On the index, there were 37 stocks that advanced and 13 stocks that declined.

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JSW Steel gained 4.67%, Coal India 3.55%, Tata Steel 3.36%, Power Grid 2.81%, and Hindalco 2.22% on Nifty. The biggest losers were IndusInd Bank, which fell 2.18%, Asian Paints, which fell 1.64%, Infosys, which fell 1.29%, Reliance Industries, which fell 0.73%, and ICICI Bank, which fell 0.59%.