Share Market Today: Market Ends On A Flat Note, Sensex Inches Near 73,900, Nifty Slips 33 Points
On the Nifty, Britannia and Kotak Bank dominated in green with 6.60 per cent and 5.02 per cent gains respectively, while Titan clocked the maximum loss at over 7 per cent in the day
The two key equity benchmarks, Sensex and Nifty, on Monday closed nearly flat. The indices began the week on a positive note and attempted a recovery rally in the morning trading hours. However, the sentiment soon reversed and both the indices pared their gains.
The S&P BSE Sensex ended the session just under the 73,900 mark at 73,895.54, registering a marginal gain of 17 points, while the NSE Nifty50 settled for the day just under the 22,450 mark at 22,442.70, dipping 33 points.
In the last trading session on Friday, the indices closed the day in red. The Sensex plunged 733 points to settle the session at 73,878, while the Nifty ended the day at 22,476, slipping 173 points.
Stock update
On the 30-share Sensex platform, Kotak Mahindra Bank, TCS, Hindustan Unilever, M&M, and Sun Pharma emerged as the primary gainers. Meanwhile, the laggards included Titan, State Bank of India, NTPC, PowerGrid, L&T, and Bajaj Finance, among others.
On the Nifty, Britannia and Kotak Bank dominated in green with 6.60 per cent and 5.02 per cent gains respectively, while Titan clocked the maximum loss at over 7 per cent in the day.
In the broader markets, all the indices ended the session in red. The Nifty Smallcap 100 dipped 1.50 per cent, followed by the Nifty Microcap 250 slipping 1.37 per cent.
India VIX, on the other hand, jumped over 13 per cent.
Sectoral update
Sectorally, the Nifty PSU Bank and Consumer Durables declined 3.66 per cent and 2.55 per cent respectively. On the other hand, the Nifty Realty index led in green with gains of 2.76 per cent.
Rupee Movement
The Indian Rupee depreciated 5 paise to settle at 83.50 (provisional) against the US dollar on Monday. In the last trading session on Friday, the unit closed at 83.45 against the greenback. Anuj Choudhary, Research Analyst, Sharekhan by BNP Paribas, noted, "We expect the rupee to trade with a slight positive bias on the rise in risk appetite in global markets. However, any recovery in crude oil prices may cap sharp upside. Any renewed geopolitical tensions in the Middle East may also weigh on rupee at higher levels."
Global oil benchmark, Brent crude futures, gained 0.80 per cent to touch $83.62 per barrel.
Trending News
Top Headlines
