Sensex slips 95 points, Nifty 50 ends below 25,500— 10 key highlights from the Indian stock market today

The Indian stock market benchmarks, the Sensex and the Nifty 50, ended in the red on Friday, November 7, extending losses to the third consecutive session, tracking weak global cues.

At one point during the day, the key indices were down by about a per cent each. However, they pared losses significantly and ended slightly lower.

Sensex closed 95 points, or 0.11 per cent, lower at 83,216.28, while the Nifty 50 settled at 25,492.30, down 17 points, or 0.07 per cent. The BSE Midcap index outperformed, rising 0.25 per cent, while the Smallcap index ended flat.

The Sensex and the Nifty 50 traded volatile during the session amid weak global cues.

Major Asian peers, such as Korea's Kospi, Japan's Nikkei, and Hong Kong's Hang Seng, declined up to 2 per cent, influencing market sentiment in India. European majors, such as the UK's FTSE, France's CAC 40, and Germany's DAX, traded in the red when the Sensex closed.

The market is witnessing a "sell-on-rise" trend amid mixed Q2 earnings. Investors are cautiously awaiting clarity on the potential India–US trade deal and an end to the US government shutdown, which began on October 1 and has become the longest in American history.

FII selling, mixed earnings and global uncertainties are keeping the risk appetite low.

"Domestic equities rebounded from early losses as buying emerged at key support levels, though it may be premature to call this a trend reversal amid mixed earnings, cautious global cues, and persistent FII outflows," Vinod Nair, Head of Research, Geojit Investments, noted.

"Going forward, markets will closely monitor US shutdown and tariff-related developments with US-India and US-China deals to assess the durability of the current momentum," said Nair.

As many as 30 stocks ended higher, out of which Shriram Finance (up 3.81 per cent), Bajaj Finance (up 2.66 per cent), and Adani Enterprises (up 2.61 per cent) ended as the top gainers in the Nifty 50 index.

Shares of Bharti Airtel (down 4.46 per cent), Tata Consumer Products (down 1.97 per cent), and Tech Mahindra (down 1.87 per cent) ended as the top losers in the index.

Nifty Bank clocked a decent gain of 0.56 per cent to end at 57,876.80. Nifty Financial Services ended with an impressive gain of 0.76 per cent. PSU Bank and Private Bank indices also ended with gains of 0.87 per cent and 0.44 per cent, respectively.

The Nifty Metal index rose 1.41 per cent.

On the other hand, Nifty Consumer Durables (down 0.72 per cent), IT (down 0.62 per cent), FMCG (down 0.49 per cent), and Media (down 0.26 per cent) ended lower.

Vodafone Idea (107.55 crore shares), Suzlon Energy (12.3 crore shares), and Utkarsh Small Finance Bank (10.7 crore shares) were the most active stocks in terms of volume on the NSE.

(This is a developing story. Please check back for fresh updates.)

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stories by Nishant Kumar

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.

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