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Taking Stock | Market snaps 4-day losing streak; Nifty ends above 17,500, mid, smallcaps outshine

Over 150 stocks, including Bharti Airtel, Birlasoft and Lloyds Steels Industries hit a 52-week high on the BSE.

November 23, 2021 / 04:32 PM IST

Market snapped a four-day losing streak to end on a positive note on November 23, amid high volatility. At close, the Sensex was up 198.44 points, or 0.34%, at 58,664.33, and the Nifty was up 86.80 points or 0.50% at 17,503.30.

Markets started the day gap down and remain volatile during the day, but managed to recoup intraday losses in the final hour of trading and ended on positive note, mainly supported by metal, PSU bank and power stocks.

"Domestic equities clawed its way out of the recent downslide boosted by metal, PSU bank and pharma stocks with mid and small caps outperforming the benchmark indices," said Vinod Nair, Head of Research at Geojit Financial Services.

"US markets witnessed a late sell-off yesterday despite the re-nomination of Jerome Powell as the Fed chair. Oil and gas indices remained under pressure amid reports of the US releasing its emergency oil reserves to keep the rising crude oil prices under control."

Sensex60,841.88909.64 +1.52%
Nifty 5017,854.05243.65 +1.38%
Nifty Bank41,499.70830.40 +2.04%
Nifty 50 17,854.05 243.65 (1.38%)
Fri, Feb 03, 2023
Biggest GainerPricesChangeChange%
Adani Ports498.8536.40 +7.87%
Biggest LoserPricesChangeChange%
Divis Labs2,884.35-382.65 -11.71%
Best SectorPricesChangeChange%
Nifty PSU Bank3888.60115.95 +3.07%
Worst SectorPricesChangeChange%
Nifty Energy22638.40-235.60 -1.03%