Today’s Stock Market Round-Up: 13/11/2023

IT, Pharma and the Realty indices saw selling interest while buying was seen in PSU Bank and the metal index.

The Indian stock market closed in the red on November 13 shedding the Muhurat Trading session gains with the Sensex down 325 points at 64933 level while the Nifty shed 82 points and ended the session at 19443 mark.

The fall in the stock market was aided by credit rating agency Moody’s which lowered its outlook on the US credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability.

Investors also waited for the October inflation date to be released later in the day.

Among the sectors, IT, Pharma and the Realty indices while buying was seen in PSU Bank and metal index.

Around 976 stocks advanced while 1470 stocks declined and 104 stocks remained unchanged in the Nifty50 index.

Asian Markets

Other Asian markets weakened after early gains, with key US inflation data due on November 14 and a summit between Joe Biden and Xi Jinping later this week dominating investors’ attention. 

Hang Seng index added over a percent while buying was also seen in the Taiwan market as well. However, some selling was seen on Kospi which shed half a percent, according to a Reuters report.

European Markets:

European stocks started on a strong footing on Monday after Wall Street’s positive close on Friday, with focus turning to US inflation data for more clues on whether interest rates have peaked.

MSCI’s gauge of global equities rose 0.2 percent to a four-week high of 667.7 and the pan-European STOXX 600 index gained 0.8 percent.

Top Nifty50 Gainers:                                           Top Nifty50 Losers:

Most Active Stocks on Nifty50 in terms of Volumes:

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The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.