The BSE Sensex continues to inch closer to the 80,000 mark with investor confidence still stable. Nifty 50 closed in red at 24,141 led by declines in a few heavyweights, such as Asian Paints, whose Q2 report resulted in its share falling 8%. Next in line was Britannia that declined by 5.9%, while Apollo Hospitals, Cipla, ONGC, and Bajaj Finance further pulled down the Nifty 50.
Bank Nifty going up ended the day at 51,876 with 0.34% up move. IDFC First Bank was the top gainer in the day going up by 1.3%. ICICI Bank, Axis Bank, Federal Bank, and Bank of Baroda led the banking sector to better performance.
On the other hand, the BSE 100 index too edged up, ending at 25,495. PFC took the lead, shot up by more than 7%, followed by Power Grid with gain over 4%. Along with these, there were other contributors as well to the upward movement of the BSE 100. Of these include Zomato, Info Edge (Naukri), Bajaj Holdings, and Trent.
Outlook for today was mixed. Bank Nifty and BSE 100 gain, but Nifty 50 failed. There was resilience in banking and power; hence, the risk from those sectors was not much so, very cautiously optimistic for investors.
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Tomorrow 12th Nov is celebrated as World Pneumonia Day!
As stated in Bhagavad Gita :
विद्या विनय सम्पन्ने ब्रह्मणि गवि हस्तिनि।
शुनि चैव श्वपाके च पाण्डिताः समदर्शिनः।
The wise see with equal vision a learned and humble scholar, a cow, an elephant, a dog, and a dog-eater.
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