Sensex, Nifty fall, Top Stocks to buy today

MARKET CLOSING UPDATES: Indian share markets on Monday closed on the negative territory with  BSE Sensex closed lower by  638 points or 1.11 percent to settle at 56,789 points. The NSE Nifty50 also ended the day at 16,887, down by 207 points, or 1.21 percent lower. Throughout the day, the Nifty fluctuated between 16,855.55 and 17,114.65.

The biggest Nifty losers were, Adani Enterprises, which had a 9 percent decline. Stocks in Eicher Motors, Maruti Suzuki, Adani Ports, Hindalco, Tata Consumer Products, HUL, Kotak Bank, ITC, HDFC Life, Britannia, SBI, and Tata Motors came after that. These equities all had declines of between 2 percent and 6 percent.

On the other hand, major gainers today were  ONGC, Cipla, Coal India, Dr Reddy's Labs, BPCL, Divis Labs, and Bharti Airtel. 

The BSE MidCap and SmallCap indices fell 1.24 percent and 0.5 percent, respectively, while the broader markets also fell in step with benchmarks. Over 2,100 equities were in the red, compared to approximately 1,400 green stocks overall on the BSE. Today, the volatility index (India VIX) increased by more than 7 percent.

With the exception of the Nifty Pharma index, which increased 1 percent, all other sectoral indices experienced profit booking. The Nifty Metal index experienced the biggest decline, falling by 3 percent. It was followed by the Nifty PSU Bank index (down 2.7 percent), the Nifty FMCG and Auto indexes, and then (2 percent each).

International Markets: As markets started the final three months of the year, European stocks declined on Monday. Early trading saw a 1 percent decline in the pan-European Stoxx 600 index, with financial services sectors leading declines at -1 percent and oil and gas stocks up 1.3 percent.

Following a gloomy trading day in Asia-Pacific markets during which the price of oil fluctuated sharply, there is a decrease in Europe. ASX 200 down 0.27 percent, and Hang Seng fell 0.8 percent. Nikkei, on the other hand, rose 1 percent.

The US Dow Jones futures were in the black, but the S&P 500 and Nasdaq Composite futures were in the red.

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