Stock market today: Sensex, Nifty 50 end lower dragged by banks, energy stocks; mid, smallcaps outperform

The 30-share BSE Sensex ended lower by 187.75 points or 0.28% at 65,794.73 level while the Nifty 50 closed at 19,731.80 level, down 33.40 points or 0.17%.

The broader market closed inched higher than the benchmark indices on Friday’s session, the Nifty Midcap 100 closed 0.20% higher and Nifty Smallcap ended flat or 0.09% higher.

Asian stocks were mostly lower on Friday, according to a report from the news agency AP, as Wall Street drifted to a mixed finish as momentum slowed after a robust rally in the first half of November.Oil prices and US futures both slightly increased. The shares of Chinese e-commerce behemoth Alibaba fell 9.8% after the company scrapped its plan to spin off its cloud computing division, resulting in Hong Kong’s Hang Seng to plummet 2.1% to 17,450.44.

The Kospi in South Korea dropped 0.7% to 2,469.85. S&P/ASX 200 Australia fell 0.1% to 7,049.40. Taiex saw a 0.2% increase. Tokyo’s Nikkei 225 index gained 0.5% to 33,585.20, while the Shanghai Composite index rose by 0.1% to 3,054.37.

(more to come)

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Updated: 17 Nov 2023, 03:30 PM IST