Market Update 18th Nov: Nifty 50 and Sensex close in red, down by 0.40% and 0.33%

On Tuesday, Indian markets ended the day in the red, with the Nifty 50 opening at 26,021.80, reaching a high of 26,029.85, and closing at 25,910.05, down by 0.40%. Similarly, the BSE Sensex opened at 85,042.37, reached a high of 85,042.41, and ended at 84,673.02, down by 0.33%.Reasons for the negative sentimentThe markets trade in red due to several reasons:Negative cues from Asian and U.S. markets amid the overvaluation of tech stocks and caution among investors ahead of key U.S. economic data.Investors booked profits after the recent market rally.Major Indices Today IndicesLTPPrev closeChangeNifty 5025,910.0526,013.45-0.40%BSE Sensex84,673.0284,950.95-0.33%Next 5069,643.5070,154.10-0.73%Bank Nifty58,899.2558,962.70-0.11%Fin Nifty27,546.7527,646.20-0.36% Nifty and Sensex traded in the red, dragged down by losses in IT and Metal stocks.Nifty Next 50 traded lower, led by the losses in Metals, Realty, and Power distribution stocks.The Bank Nifty traded lower after hitting record highs amid broader market sentiments.Sectoral Indices Today IndicesLTPPrev closeChangeNifty IT35,975.2036,375.20-1.10%Nifty Auto27,368.2527,472.65-0.38%Nifty FMCG55,363.4555,677.15-0.56%Nifty Pharma22,713.6522,867.60-0.67%Nifty Healthcare14,824.8514,932.50-0.72%Nifty Oil & Gas12,184.7012,235.85-0.42% Nifty IT traded in red after the lower expectations of further rate cuts by the Fed in December.Nifty Auto traded lower due to profit booking after the recent rally.Nifty FMCG traded in red after NielsenIQ reported a decline in sales growth to 5.4% in volume in Q2 FY26.Nifty Pharma traded in the red after muted earnings from Mankind Pharma and losses at Emcure Pharma, following a stake-offload by Bain Capital.The Nifty Oil & Gas index declined due to global uncertainty and volatile crude oil prices.Market Movers TodayMphasis shares dropped by 1% after a large block deal of about 1.8 crore shares changed hands on the BSE.WeWork India shares rose by 8% after Jefferies gave a ‘Buy’ call for the stock.One97 Communications shares dropped by 2% after SAIF III Mauritius, SAIF Partners, and Elevation Capital offloaded up to 2% of their outstanding equity through a block deal.The IT shares, namely Tech Mahindra, dropped by 2%, Infosys, LTI Mindtree, and Coforge shares fell by about 1% amid worries on the AI bubble and lower possibilities of further Fed rate cuts.Top Gainers Company NameLTPPrev CloseChangeGMR Airports103.7297.686.18%Federal Bank244.51239.062.28%HUDCO243.93239.142.00%Bharti Airtel2,149.202,112.201.75%BSE2,834.102,811.900.79% Top Losers Company NameLTPPrev CloseChangeKaynes Technology India5,889.006,237.00-5.58%Inox Wind140.92146.11-3.55%Cummins4,252.404,381.20-2.94%SBI Cards867.35889.20-2.46%PI Industries3,458.303,542.60-2.38% 52W High Stocks Company NameLTP52W highChangeState Bank of India972.45976.70-0.09%Canara Bank149.00150.69-0.08%Indian Bank886.90894.85-0.37%Hero MotoCorp5,799.505,882.000.02%Marico756.45765.30-0.56% 52W Low Stocks Company NameLTP52W lowChangeAnthem Biosciences659.55656.60-0.89%Page Industries39,255.0038,740.00-0.54%Thermax2,943.402,937.20-2.31%Cohance Lifesciences596.45593.20-2.45%Bata1,014.801,006.000.02% High Volume Stocks Today Company NameLTPPrev CloseChangeVodafone Idea10.7410.93-1.74%Yes Bank22.9923.16-0.73%Tata Steel172.45173.17-0.42%Suzlon Energy56.9057.70-1.39%Eternal306.15309.55-1.10% IPOsCapillary Technologies IPO closed today. The price band is set at ₹549 to ₹577 per share.Allotment TodayFujiyama Power Systems shares are allotted today. Investors can check the allotment status online on the NSE and BSE websites.Listed TodayPhysicsWallah shares were listed at a 33% premium at ₹145 on NSE. The price band set was at ₹103 to ₹109 per share.Emmvee Photovoltaic shares made a flat debut, listing at ₹217 on BSE and NSE. The price band was set at ₹206 to ₹217 per share.Market AnnouncementsMax Healthcare shares rose by 2% after the company reported a net profit of ₹491.30 crores, up by 74.34% YoY in Q2 FY26.Punjab Communications shares jumped by 7% after posting a net profit of ₹28.43 lakhs in Q2 FY26 after reporting a net loss of ₹100.44 lakhs in the same quarter of the previous year.

Market Update 18th Nov: Nifty 50 and Sensex close in red, down by 0.40% and 0.33%

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