Business Economy


Market ends marginally high; Largecap underperforms, Midcap hits 52-week high

New Delhi, Nov 3 (UNI) Stock market today ended marginally higher in a rangebound session, with the BSE Sensex closing up by 39.78 points or 0.05 percent at 83,978.49, and the NSE Nifty also up by 41.25 points or 0.16 pc at 25,763.35.
Largecap shares underperformed while the Midcap index hit a 52-week high.
Broader indices outperformed the main indices with BSE Midcap index rising 0.6 pc and Smallcap index adding 0.7 pc at close.
The gains in the broader market lifted the overall market capitalisation of BSE-listed firms to over Rs 472 lakh crore from Rs 470 lakh crore in the previous session.
Among the sectors, barring Nifty Consumer Durables which was down by 0.29 pc, IT down by 0.17 pc, and FMCG down by 0.10 pc, other sectoral indices ended higher.
On the gaining side were Nifty Realty up by 2.23 pc, PSU Bank up by 1.92 pc, and Pharma up by 1.20 pc. Nifty Bank also rose by 0.56 pc, while the Financial Services index climbed 0.62 pc.
Around 32 stocks ended higher in the Nifty 50 index with the top gainers being Shriram Finance (up by 6.18 pc), Tata Consumer (up by 2.62 pc), and Apollo Hospitals Enterprise (up by 2 pc).
The top losers of the index were Maruti Suzuki India (down by 3.41 pc), ITC (down by 1.51 pc) and TCS (down by 1.26 pc).
Out of 4,461 stocks traded on the BSE, 2,227 advanced, while 2,009 declined. Some 225 stocks remained unchanged.
On BSE, as many as 178 stocks hit their 52-week highs in intraday trade while 85 stocks hit their 52-week lows.

Those on the highs included SBI, Punjab National Bank, Canara Bank, Bank of Baroda, Federal Bank, Shriram Finance, SBI Life Insurance Company, BPCL, Indian Oil Corporation, Tata Consumer Products, and Cummins India.
Westlife Foodworld, Route Mobile, Jindal Saw, H.G. Infra Engineering, Easy Trip Planners, Cohance Lifesciences, Clean Science and Technology, and Deepak Nitrite hit their 52-week lows.
The market ended on a marginal positive note as profit booking was visible at the higher levels due to the absence of fresh domestic triggers such as expected earnings growth from Q3, India-US trade deal, and monetary easing, which appear to be largely discounted.
UNI XC SS
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