FINAL TRADE: Indices settle flat; Sensex up 33 points; Nifty ends 6 points shy of 19,450

Stock market today: The domestic blue-chip indexes Nifty50 and Sensex settled with mild gains on Wednesday, November 8, after being stuck in a narrow range for most of the session. Buying in oil and gas, FMCG, and consumer durable stocks helped indices close the session in the green. The Nifty50 ended 6 points shy of 19,450 at 19,443.5, up 0.19 per cent while the Sensex settled 33 points higher at 64,975.61 levels.

BPCL, Adani Ports, Asian Paints, Cipla, and Titan were among the top gainers in the Nifty basket that traded with gains in the range of 3–1 per cent. On the other hand, ICICI Bank, Infosys, NTPC, TechM and Tata Consumer Products were among the top losers, down nearly one per cent.

Nifty Smallcap 100 and Nifty Midcap 100 both ended in green territory, along with other broad market indices. In sectoral indices, the Nifty Bank edged lower as it ended 0.18 per cent down at 43,658.65 amid weakness in ICICI Bank, PNB and Kotak Mahindra Bank.

"The domestic market traded rangebound with a positive bias. Further confidence may be derived from the global market cues following the FED chair speech. Oil prices continued to fall, which will provide respite to the domestic economy and navigate a downward trajectory to inflation and fiscal," Vinod Nair, Head of Research at Geojit Financial Services, said.

Global Market

European shares dropped on Wednesday, with insurance and financial stocks taking the biggest hit, as investors assessed economic data and corporate earnings ahead of the remarks from major central bank chiefs during the day.

The pan-European STOXX 600 lost 0.1 per cent at 1:45 PM (India time), hitting a near one-week low and on track for a three-day decline. Insurance stocks led sectoral declines, falling 1.2 per cent, dragged by a 6 per cent loss in Swiss Life Holding AG (SLHN.S.) following weak results.

Dow Jones, S&P 500, and Nasdaq Composite futures traded flat at the last count, indicating a listless start ahead on Wall Street. Investors now await remarks from US Federal Reserve Chair Jerome Powell, who is slated to speak later today.

For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com