Equity benchmark indices settled on a flat note on Thursday, November 23, amid mixed global cues. The S&P BSE Sensex scaled a high of 66,235.24, and a low of 65,980.50, before closing a tad in red at 66,017.81 — down 5.43 points. The NSE Nifty50 managed to sustain above the 19,800 level for the second consecutive session and closed at 19,802. .In contrast, the Nifty Bank saw a positive trend, gaining 128 points to reach 43,578, bringing relief to the financial sector. The midcap index, on the other hand, concluded the day on a flat note at 42,027.

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In the Nifty50 index, Hero MotoCorp, Bajaj Auto, BPCL, Indusind Bank, and Eicher Motors were among the top gainers, while losers included Cipla, UltraTech Cement, SBI Life, LTIMindtree, and Larsen & Toubro.

Honasa Cons made headlines by hitting a 20% upper circuit, propelled by robust Q2 results.

Hero MotoCorp, a key player in the two-wheeler segment, reached a two-year high, emerging as the top gainer in the Nifty. Similarly, Bajaj Auto scaled new heights, recording a 3% increase, buoyed by positive sentiments following a favorable brokerage report.

In contrast, Cipla faced headwinds, becoming the top loser in the Nifty. The stock witnessed an almost 8% decline, triggered by concerns related to a warning letter received for its Pithampur unit.

The Nifty Pharma sector, after a six-day winning streak, faced a setback, emerging as the biggest loser among the sectorial indices.

Sterling & Wilson continued its winning streak, securing a 5% gain on the back of a significant order win in Nigeria.

IEX, despite a relatively modest 1% gain, attracted attention from analysts who foresee a 39% upside in a bullish scenario.

However, UltraTech faced a setback, witnessing a nearly 2% fall. Meanwhile, Kesoram experienced a 5% surge following reports that UltraTech is eyeing Kesoram's cement business.

First Published:Nov 23, 2023 3:43 PM IST