Indian Equity Indices Trim Gains Amid Global Rate Speculation

Sensex and Nifty pulled back on November 18 as investor mood soured ahead of U.S. economic data, despite midcaps and smallcaps showing resilience.

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Indian Equity Indices Trim Gains Amid Global Rate Speculation

Indian Equity Indices Trim Gains Amid Global Rate Speculation
On November 18, Indian benchmark indices trimmed their gains in volatile mid-day trade, as investor sentiment soured ahead of anticipated U.S. economic data. The Sensex fell by 278 points, closing at 25,950, weighed down by declines in Infosys and HDFC Bank. After six consecutive sessions of gains, equity benchmarks pulled back as investors awaited guidance on global interest rates. 
Despite a recent rally that saw the Sensex briefly touch 84,950, market activity shifted with broader sectors like midcaps and smallcaps continuing to outperform large caps.
Companies:
  • Infosys
  • HDFC Bank
Tags:
  • markets
  • stocks