The Indian stock market ended on a flat note on Friday, September 13, with the Nifty closing slightly lower by 32 points at 25,357. Despite this minor decline, there was notable performance in the broader market, particularly in the midcap segment. The Midcap Index surged past the 60,000 mark for the first time, posting a record close at 60,034, gaining a robust 394 points.
Sensex and Sector Performance The Sensex, India’s benchmark index, dropped by 72 points, settling at 82,891. While the overall market trend was relatively flat, certain sectors showed resilience. Banking stocks, in particular, continued their strong performance, with the Nifty Bank index rising by 166 points to close at 51,938.
Key Movers Among the key stocks that saw notable movement:
- Wipro surged by nearly 4%, driven by strong trading volumes and positive sentiment.
- Bajaj Finserv and Bajaj Finance both saw a 2% increase, ahead of the highly anticipated listing of Bajaj Housing Finance.
Top Losers On the other hand, life insurance companies struggled during the session:
- SBI Life and HDFC Life were among the top losers on the Nifty, facing downward pressure.
- Stocks of the Adani Group also witnessed declines of up to 2%, following reports of a fund freeze by Swiss authorities, adding to concerns among investors.
Overall, while the broader market continues to show signs of strength, particularly in the midcap and banking sectors, the day ended on a subdued note for key indices like the Nifty and Sensex.
