Nifty 50 and Sensex: Mid-Day Market Review

The Indian benchmark indices Nifty 50 and Sensex dragged to negative territory after the US Election results and Donald Trump’s landslide victory. Investors turned cautious ahead of the US Fed’s interest rate decision.  At 09:17 Nifty 50 stood at 24,489.60, up 5.55 points or 0.02% and Sensex stood at 80,248l, down 129.87 points or 0.16%.

At 01:00 PM, Nifty 50 fell 1.09% to 24,217.40 while Sensex fell 0.95% to 79,614.42. 45 out of 50 stocks on Nifty 50 were trading in the red, with top losers including Hindalco (-7.98%), Trent (7.23%) and Shriram Finance (-2.68%). 

Sectoral Trend

Around 01:00 PM, all sectors slipped in the red with the Nifty Auto, IT, Pharma and Metal being the worst hit, tanking up to 2%

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.