The Indian stock markets, closed with minor cuts. The BSE Sensex fell by 16 points to settle at 64,942, while the Nifty 50 dropped 5 points to end at 19,407.

Share Market Live

NSE

However, the broader markets showed some resilience, closing with minor gains and outperforming the benchmark indices. The Nifty Bank witnessed a rise of 119 points, closing at 43,738, and the Midcap Index added 113 points to reach 40,050.

Several stocks reacted sharply to earnings reports, with Alkem and Trent surging by 5-8% on the back of strong Q2 results. Meanwhile, the fall in crude oil prices led to gains in Oil Marketing Companies (OMCs) such as BPCL, IOC, and HPCL, which climbed 2-6%.

Hero MotoCorp, Coal India, Bajaj Finance, JSW Steel and Divis Labs were among major losers on the Nifty, while gainers included Sun Pharma, BPCL, NTPC, Axis Bank and Dr Reddy's Labs.

Among sectors, healthcare and oil & gas up 1 percent each, while realty down 1%.

(Will be updated)

First Published:Nov 7, 2023 3:42 PM IST