Stock Market India Report Tuesday, 18 April 2023

On Tuesday, April 18th, 2023, the Indian share market closed in the red, with the benchmark indices Nifty and Sensex ending lower. The NSE Nifty 50 index fell 46.7 points or 0.26% to settle at 17,660.15, while the BSE Sensex declined 183.74 points or 0.31% to end at 59,727.01.

In the sectoral indices, Bank Nifty rose 2.65 points or 0.01% to close at 42,265.20, while Nifty IT jumped 158.75 points or 0.59% to end at 27,166.95.

Some of the top gainers on the Nifty 50 index were Coal India, Maruti, Sun Pharma, Hindalco, and UPL, while the top losers were Power Grid, UltraTech Cement, Adani Enterprises, Apollo Hospital, and Titan.

In the global market, the US market ended in the green, with Dow Jones Industrial Average (DJIA) rising 0.30%, S&P 500 climbing 0.33%, and the tech-heavy Nasdaq jumping 0.28%.

Overall, the market sentiment was negative on Tuesday, with investors remaining cautious amid concerns over rising inflation and the global economic slowdown.