Mumbai, 13 November (Udaipur Kiran)। The Indian stock market opened on a soft note on Thursday. At 9:24 am, the Sensex was down 116 points or 0.13% at 84,349, while the Nifty slipped 34 points or 0.12% to 25,851.
In contrast to large-caps, midcap and smallcap indices traded higher in early deals. The Nifty Midcap 100 rose 74 points or 0.12% to 60,977, and the Nifty Smallcap 100 gained 39 points or 0.22% to 18,290.
Sectorally, metal, realty, media, pharma, financial services, infra, commodities and consumption indices were in the green. Auto, IT, PSU bank, FMCG, energy and private bank indices traded in the red.
Within the Sensex pack, Asian Paints, Tata Steel, Bajaj Finserv, Bharti Airtel, ICICI Bank, Bajaj Finance, Trent, Power Grid, Adani Ports, UltraTech Cement and Sun Pharma were among the top gainers.
Infosys, Eternal (Zomato), Kotak Mahindra Bank, HCL Tech, Tech Mahindra, TCS, HDFC Bank and ITC were the major losers.
Asian markets were mixed, with Tokyo, Shanghai, Bangkok and Jakarta trading higher, while Hong Kong and Seoul were in the red. US markets closed mixed on Wednesday.
Market experts said that the indices may need fresh triggers to scale new all-time highs. The market has already factored in the NDA’s likely victory in the Bihar elections. Going ahead, the India–US trade deal will be a key factor for market direction.
On the institutional front, Foreign Institutional Investors (FIIs) continued their selling streak for the third straight session on 12 November, offloading shares worth ₹1,750 crore. Meanwhile, Domestic Institutional Investors (DIIs) remained strong buyers, purchasing equities worth over ₹5,100 crore, providing steady support to the market.
Crude oil remained range-bound, with Brent trading at $62.67 per barrel and WTI at $58.40 per barrel.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
