Sensex and the Nifty 50 ended in the red on April 16. (Agencies)AI Quick ReadThe Indian stock market ended in the negative territory on Thursday, 16 April, on profit booking in select heavyweights, including HDFC Bank, Bharti Airtel, and ICICI Bank, after recent gains.
The Sensex declined 123 points, or 0.16%, to end at 77,988.68, while the Nifty 50 ended with a loss of 35 points, or 0.14%, at 24,196.75.
The mid and small-cap segments outperformed, reflecting that broader market sentiment remains positive. The Nifty Midcap 100 index rose by 0.63%, while the Nifty Smallcap 100 index jumped 0.89 %.
Due to gains in the mid and small-cap segments, the overall market capitalisation of BSE-listed firms rose to nearly ₹461 lakh crore from about ₹459 lakh crore in the previous session.
(This is a developing story. Please check back for fresh updates.)
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Nishant is a market reporter at Mint, where he holds the official designation of Principal Correspondent – Markets. He has been closely tracking the Indian stock market as well as major global stock markets along with the broader macroeconomic trends for a decade.
He is obsessed with breaking down complex financial and economic concepts into clear and engaging stories. He focuses not only on what is happening in the markets, but also why it matters.
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With nearly 10 years of experience in covering financial markets, Nishant has covered bull markets, corrections, policy transitions, and macro developments that has equipped him with a deep understanding of how domestic and global forces shape markets and affect investments.
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Before joining Mint, Nishant worked with some of India’s most respected business newsrooms, including The Economic Times and Moneycontrol, where he reported extensively on the stock market, corporate earnings, macroeconomic trends, GDP, inflation, monetary policies of the RBI and the US Federal Reserve, bonds, and currencies.
Apart from economics and investing, he has interests in geopolitics and emerging technologies, such as AI.