Sensex and Nifty Flat Despite Positive Start; Midcap and Small Cap Indexes Reach Record Highs

Sensex and Nifty Flat Despite Positive Start; Midcap and Small Cap Indexes Reach Record Highs

Asif Iqbal | February 7, 2024 | 07:42 PM IST | Breaking News | Follow on Google News

Sensex and Nifty Flat Despite Positive Start; Midcap and Small Cap Indexes Reach Record Highs

Sensex and Nifty Flat Despite Positive Start; Midcap and Small Cap Indexes Reach Record Highs

In today’s stock market, the domestic benchmark indices, namely the Sensex and the Nifty 50, concluded the Wednesday session with minimal changes. Despite opening slightly higher, driven by positive cues from the overnight US markets, in line with Asian counterparts, and the recent return of foreign portfolio investors, the equity indices experienced a flat performance. Financial and realty stocks saw gains, although the presence of IT shares exerted downward pressure on the indices.

The 30-share BSE Sensex concluded the session at 72,152.00, marking a marginal decline of 34.09 points or 0.05%. Meanwhile, the Nifty 50 closed at 21,930.50, registering a modest increase of 1.10 points or 0.01%. In the broader market context, both the Nifty Small Cap 100 and the Nifty Midcap 100 indexes reached historic highs, reaching 16,653 points and 49,359 points, respectively. The midcap index has demonstrated a notable 7% increase this year, while the small cap index has surged by an impressive 10%.

Asif Iqbal

Asif Iqbal is a seasoned news writer with a passion for delivering the latest updates to the public. Currently serving as the senior writer at VoM News, a prominent news outlet known for its comprehensive coverage of diverse topics, Asif has established himself as a reliable source of information. With a keen eye for detail and a knack for storytelling, he consistently provides readers with well-crafted articles that cover a wide range of news categories. His dedication to journalistic integrity and his commitment to staying ahead of the news curve make him an invaluable asset to Vom News, ensuring that readers are always well-informed on the issues that matter most. You can find his work and stay updated on current events by visiting vomnews.in.