Closing: Nifty Settles Below 23,400, Sensex Slips 121 Point

Indian benchmark indices closed in negative territory on September 11 following a choppy trading session, with the Nifty finishing below the 23,400 level. At the close, the Sensex shed 120.83 points, or 0.16%, to 74,781.76, while the Nifty dropped 79.70 points, or 0.34%, to 23,398.10. Among the key Nifty gainers were Dr. Reddy’s Laboratories, HDFC Bank, ITC,

and Wipro. Conversely, Hindalco Industries, JSW Steel, Tata Steel, Eicher Motors and ONGC emerged as the leading decliners. Sector-wise, the Nifty Private Bank index gained 0.5%. However, the Metal and Realty indices tumbled over 2% each, while the Auto, Energy, Oil & Gas and PSU Bank indices eased around 0.5% apiece. In the broader market, the Nifty Midcap index declined 0.26%, while the Smallcap index lost 0.6%, signalling persistent pressure across the broader market. Investment in securities market are subject to market risks. Read all the related documents carefully before investing,