In today’s ‘[I] India Stocks Review: Trade in thin range ahead of Fed meeting minutes’ story, the change in levels for the Nifty 50 and the Sensex in the table should read as up 23.05 points, or 0.1%, and up 91.62 points, or 0.2%, respectively. The change in levels was inadvertently interchanged.
A corrected version follows:
[I] India Stocks Review: Trade in thin range ahead of Fed meeting minutes
Informist, Wednesday, Nov 23, 2022
By Vivek Kumar
MUMBAI – Benchmark indices traded in a narrow range today as investors are likely to have exercised caution ahead of the release of minutes of the US Federal Reserve’s last policy meeting. The minutes will help investors understand the Fed’s view on inflation and economy, and consequently the quantum of rate hike in December.
In the past couple of weeks, several officials of the US central bank have given divergent views on future policy tightening. Data from the US too have been conflicting. While inflation showed signs of cooling off, the labour market remained tight. The divided views and data points have led to uncertainty over whether the Fed will hike its key interest rate by 50 basis points or 75 bps at its next meeting.
The Nifty 50 ended 0.1% higher at 18267.25 points and the Sensex closed the session 0.2% higher at 61510.58 points. The benchmark Nifty 50 traded in a range of less than 100 points today, hitting a high of 18325.4 points and a low of 18246 points intraday.
The trade in futures and options segment was also in focus today ahead of the expiry of monthly derivatives contracts on Thursday.
The rollover of positions by foreign institutional investors were mostly on long side, while domestic institutional investors have rolled over positions on short side, said Viraj Vyas, technical and derivatives analyst-institutional equities at Ashika Group. The data indicates that the market is unlikely to move significantly in either of the directions in the near term.
Among sectors, banks and media companies gained the most, while information technology and metal companies were the worst hit today. The Nifty PSU Bank index rose for the seventh consecutive session.
Among Nifty 50 stocks, Apollo Hospitals Enterprise rose 3% and was the top gainer. However, Adani Enterprises lost the most, a day after the company said its board will consider raising funds via issue of equity or other securities.
Shares of Inox Green Energy Services made a weak debut on the bourses today as they got listed at a discount of 7.7% to the issue price on the National Stock Exchange. The stock ended over 9% lower at 59.10 rupees.
* Among Nifty 50 stocks, 24 rose, 25 fell and 1 was unchanged
* Among Sensex stocks, 14 rose and 16 fell
* On the BSE, 1,804 stocks rose, 1,691 fell, and 132 were unchanged
* Nifty PSU Bank: Up 1.0%; Nifty Media: Up 1.1%; Nifty Metal: Down 0.4%
BSE National Stock Exchange
Sensex: 61510.58, up 91.62 pts (0.2%) Nifty 50: 18267.25, up 23.05 pts (0.1%)
S&P BSE Sensitive Index Nifty 50
Lifetime High: 62245.43 (Oct 19, 2021) : Lifetime High: 18604.45 (Oct 19, 2021)
Record Close High: 61980.72 (Nov 16, 2022) : Record Close High: 18477.05 (Oct 18, 2021)
2022 1st day close: 59183.22 (Jan 3) : 2022 1st day close: 17625.70 (Jan 3)
2022 Closing High: 61980.72 (Nov 16) : 2022 Closing High: 18409.65 (Nov 16)
2022 Closing Low: 51360.42 (Jun 17) : 2022 Closing Low: 15293.50 (Jun 17)
2022 High (intraday): 62052.57 (Nov 16) : 2022 High (intraday): 18442.15 (Nov 16)
2022 Low (intraday): 50921.22 (Jun 17) : 2022 Low (intraday): 15183.40 (Jun 17)
2021 Closing High: 61305.95 (Oct 14) : 2021 Closing High: 18338.55 (Oct 14)
2021 Closing Low: 46285.77 (Jan 29) : 2021 Closing Low: 13634.60 (Jan 29)
2021 High (intraday): 61353.25 (Oct 14) : 2021 High (intraday): 18350.75 (Oct 14)
2021 Low (intraday): 46160.46 (Jan 29) : 2021 Low (intraday): 13596.75 (Jan 29)-
2020 Closing High: 47751.33 (Dec 31) : 2020 Closing High: 13981.95 (Dec 30)
2020 Closing Low: 25981.24 (Mar 23) : 2020 Closing Low: 7610.25 (Mar 23)
2020 High (intraday): 47896.97 (Dec 31) : 2020 High (intraday): 14024.85 (Dec 31)
2020 Low (intraday): 25638.90 (Mar 24) : 2020 Low (intraday): 7511.10 (Mar 24)
2019 High (intraday): 41809.96 (Dec 20) : 2019 High (intraday): 12293.90 (Dec 20)
2019 Low (intraday): 35287.16 (Feb 19) : 2019 Low (intraday): 10583.65 (Jan 29)
2018 High (intraday): 38938.91(Aug 28)) : 2018 High(intraday): 11760.20 (Aug 28)
2018 Low (intraday): 32483.8 (Mar 23) : 2018 Low (intraday): 9951.9 (Mar 23)
2017 High (intraday): 34005.37 (Dec 26) : 2017 High(intraday): 10515.10 (Dec 26)
End
Edited by Maheswaran Parameswaran
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to [email protected]
© Informist Media Pvt. Ltd. 2022. All rights reserved.
Source: Cogencis
