Stock Market Today: Indian stock market benchmarks, Sensex and Nifty, closed in the red on Thursday, September 5, with select blue chip stocks like Reliance Industries and Bharti Airtel recording the biggest decline.
No new triggers and weak global cues kept market sentiment subdued. Investors are now focusing on the monthly jobs report in the US, which is due on Friday. This will play an important role in influencing expectations about the size and timing of Fed rate cuts.
The Sensex closed at 82,201.16, down 151 points or 0.18%, while the Nifty 50 closed at 25,145.10, down 54 points or 0.21%. However, the mid-and small-cap segments closed with gains. The BSE Midcap and Smallcap indices closed 0.27% and 0.56% higher, respectively.
Over 320 stocks, including Hindustan Unilever, Sun Pharma, Apollo Hospitals, Cholamandalam Investment & Finance, Divi's Labs, Lupin, DMart, HDFC AMC, ICICI Lombard General Insurance Company, Shriram Finance, and United Spirits, hit fresh 52-week highs in intraday trade on the BSE.
The total market capitalization of BSE-listed firms rose to about Rs 465.66 lakh crore from Rs 465.14 lakh crore in the previous session.
33 stocks in the Nifty 50 index closed with losses. Cipla (down 1.46%), Dr. Reddy's Labs (down 1.28%), and Coal India (down 1.28%) were the biggest losers in the Nifty index.
On the other hand, Titan (up 3.11%), LTI Mindtree (up 1.44%), and Wipro (up 1.16%) were the top gainers in the index.
In terms of index contribution, Reliance Industries (down 1.26%), Bharti Airtel (down 1.08%) and L&T (down 0.71%) were the biggest losers in the index.
However, Nifty Media (up 0.81%), Consumer Durables (up 0.66%), and IT (up 0.46%) closed with decent gains.
Nifty Bank gained 0.14%, while the PSU Bank and Private Bank indices added 0.32% and 0.09%, respectively.
Among sectoral indices, Nifty Realty (down 0.97%), Auto (down 0.38%), Oil & Gas (down 0.38%), Pharma (down 0.12%) and FMCG (down 0.07%) closed in the red.
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