India’s benchmark Nifty 50 index provisionally closed 0.05 points lower on November 7, marking a flat end to a choppy session. Despite early losses, selective buying in metals and midcaps helped the index recover intraday. Market sentiment remains cautious amid global uncertainty and profit booking.
The Nifty 50 index wrapped up Thursday’s session virtually unchanged, slipping just 0.05 points to close below the 25,500 mark. The day saw high volatility, with investors reacting to mixed global cues, foreign fund outflows, and earnings announcements. While the broader market showed resilience, frontline indices struggled to hold gains.
Notable updates:
-
Nifty 50 provisionally ended 0.05 points lower, reflecting a muted close after recovering from deeper intraday losses
-
Sensex fell 95 points, dragged by declines in Tech Mahindra, InterGlobe Aviation, and Bharti Airtel
-
Metal stocks outperformed, with the sectoral index gaining 1.4%, led by Tata Steel and Hindalco
-
Midcap and smallcap indices posted marginal gains, indicating broader market strength despite headline index stagnation
-
Rupee ended flat at 88.66 per dollar, showing currency stability amid global rate concerns
Sources: Moneycontrol, Economic Times, Reuters