Top gainers, losers today: Bharti Airtel, HDFC Bank, Tata Steel, NTPC, among most active stocks today; check full list
Nifty settled higher for the fourth consecutive session on Wednesday, September 6, supported by gains in shares of select heavyweights, including HDFC Bankand Bharti Airtel. However, weak global cues curtailed gains for them as concerns over interest rate hikes and weakening global economic growth weighs on market sentiment. In Asian markets, Tokyo, Shanghai and Hong Kong ended in the green while Seoul settled lower.
European equity markets were trading lower. Sensex closed 100 points, or 0.15 per cent, higher at 65,880.52 while the Nifty50 closed the day at 19,611.05, up 36 points, or 0.18 per cent. BSE Midcap index ended with a gain of 0.13 per cent at 32,122.06 after hitting its fresh record high of 32,182.66 during the session.
The BSE Smallcap index ended in the red, snapping the winning streak of the last seven consecutive sessions. The index hit its fresh record high of 38,142.34 during the session, however, erased all gains to settle lower by 0.04 per cent at 37,948.61. Metal stocks slid 0.79 per cent after data showed that China's services activity expanded at the slowest pace in eight months in August, spurring concerns over growth in world's second-largest economy.
The domestic market is taking comfort from India's robust growth outlook and expectations of easing inflation in the coming months. However, rising crude oil prices and poor monsoon pose a risk to markets. Oil prices rose a dollar a barrel on Tuesday leaping to a 1-month high-mark, after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year.
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