Share Market Today: Indices Close Flat, Sensex Under 73,500, Nifty At 22,302

On the Nifty, BPCL and Hero Motor Corp dominated in green with gains of 2.78 per cent and 2.49 per cent respectively, while Dr Reddy Laboratories registered losses of more than 3 per cent in the day

The two key equity benchmark indices, Sensex and Nifty, on Wednesday exhibited massive volatility. The indices started the day in red, however, attempted to recover the losses during the session. 

As such, at the end of the trading session, both indices settled nearly flat. The S&P BSE Sensex closed trading above the 73,450 mark at 73,466.39, clocking a loss of nearly 46 points, while the NSE Nifty50 ended the day flat at 22,302.50.

In the last trading session on Tuesday, the market settled in a downward trajectory. The BSE Sensex closed at 73,511.85, plunging nearly 400 points, while the Nifty50 ended the day at 22,302.50, slipping about 150 points. 

Stock update

On the 30-share Sensex platform, Tata Motors, PowerGrid, NTPC, L&T, and Maruti Suzuki emerged as the primary gainers. Meanwhile, the laggards included Asian Paints, UltraTech Cement, Hindustan Unilever, HDFC Bank, and HCL Tech, among others. 

On the Nifty, BPCL and Hero Motor Corp dominated in green with gains of 2.78 per cent and 2.49 per cent respectively, while Dr Reddy Laboratories registered losses of more than 3 per cent in the day.

The broader markets closed entirely in green. The Nifty Next 50 emerged as the biggest gainer amongst the indices and settled 1.32 per cent higher, followed by the Nifty Midcap 50 and Microcap 250 indices, up 0.98 per cent and 0.77 per cent respectively.

Sectoral update

Sectorally, the Nifty Oil & Gas index dominated in green at 1.70 per cent. Other gainers in the list included Auto and Metal indices at 1.56 per cent and 1.48 per cent respectively. 

On the other hand, the Nifty Private Bank index declined 0.81 per cent, followed by the Bank and Financial Services indices, down by 0.55 per cent and 0.53 per cent respectively.

Macro Indicators

The Indian rupee closed the day on a similar flat note at 83.51 (provisional) against the American dollar on Wednesday. In the last trading session, the domestic currency settled at 83.51 against the greenback. 

Global oil benchmark, Brent crude futures, slipped 1.37 per cent to touch $82.02 per barrel. Official exchange data revealed that foreign institutional investors (FIIs) dumped Indian equities worth Rs 3,668.84 crore on Tuesday.