Sensex Gains 27 Points as Nifty 50 Closes Above 24,350, Mid and Small-Cap Stocks Lag
Indian Stock Market Benchmarks End with Nominal Gains Amid Uncertainty
The Indian stock market benchmarks, the Sensex and the Nifty 50, ended with modest gains on Monday, 20 April, amidst persisting uncertainties about the US-Iran conflict. The Sensex closed at 78,520.30, rising by 27 points, or 0.03%, while the Nifty 50 ended at 24,364.85, gaining 11 points, or 0.05%.
Market Performance
| Index | Closing Value | Change |
|---|---|---|
| Sensex | 78,520.30 | +27 points (0.03%) |
| Nifty 50 | 24,364.85 | +11 points (0.05%) |
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
The mid and small-cap segments, however, ended in the red, underperforming the benchmarks. The Nifty Midcap 100 index slipped 0.18%, while the Nifty Smallcap 100 index dropped 0.45%. Despite the gains in the Sensex and Nifty 50, 31 stocks ended in the red in the Nifty 50 index, with Jio Financial Services, Hindalco Industries, and Tata Motors Passenger Vehicles being the top laggards.
On the other hand, Trent, JSW Steel, and SBI emerged as the top gainers in the Nifty 50 pack of stocks. The volatility index, India VIX, jumped over 9% to reach near 19, reflecting increased market nervousness due to global uncertainties.
Sectoral Indices
Most sectoral indices ended lower, with Nifty IT and Realty falling over half a per cent each. However, Nifty Media and PSU Bank indices rose almost 1% each. Nifty Bank and Financial Services indices ended with nominal gains of 0.03% and 0.06%, respectively.
Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline
Investor Takeaway
Investors should be cautious of the market's volatility due to global uncertainties.
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