See Trends in the Sensex, Nifty, Gold, Silver, Crude Oil, and More in This Market Wrap

Sensex Ends 11-Day Winning Run Amid World Economic Concerns The Sensex, a crucial gauge of equities performance, broke its spectacular 11-day winning run today, finishing in the red as a result of declines mostly caused by heavyweight firms including HDFC Bank, Reliance Industries, and Infosys. The local market reflected trends in international sentiment, which were hindered by persistent worries about the expansion of the world economy. It’s also important to remember that on Tuesday, in celebration of Ganesh Chaturthi 2023, the NSE and BSE stayed closed.

Nifty and Sensex Performance

The Sensex slid 173 points to begin the day at 67,665.58, down from its previous closing of 67,838.63. It traded in the red the whole day and finished 241.79 points, or 0.36 percent, down at 67,596.84.

The Nifty50 index started the day at 20,155.95, down from its previous close of 20,192.35, and finally closed the day at 20,133.30, down 59 points, or 0.29%.

Small and midcaps

With the BSE Midcap index decreasing 0.27% and the Smallcap index falling 0.60%, midcap and smallcap equities also followed the negative trend.

Crude oil prices: As a result of supply shortages and hope that the US Federal Reserve would keep interest rates where they are, crude oil prices have continued to rise. Brent Crude increased by almost 0.5 percent, crossing the $94 per barrel threshold.

Gainers and Losers on the Nifty

26 stocks in the Nifty group registered losses, while the other 24 showed gains.

The biggest losers in the Nifty index were Hindalco (down 2.19%), HDFC Bank (down 1.93%), and Adani Ports (down 1.80%).

On the other hand, Power Grid, Titan, and HDFC Life Insurance Company concluded as the Nifty index’s top gainers, up 3.12%, 2.66%, and 2.43%, respectively.

valuable metals

Overview of the Commodity Market: Due to a rise in worldwide gold prices, gold prices in the national capital increased by Rs. 180 to reach Rs. 60,200 per 10 kilos.

The price of silver increased significantly as well, increasing by Rs. 400 to Rs. 74,400 per kilogram.

Following a rebound at the conclusion of the previous week, gold continued to trade steadily as investors anticipated a halt in interest rate increases by the Federal Reserve at its impending policy meeting this week.

That sums up the state of the market as of this moment. Keep checking back for more news and research on the financial and investing industries.