Share Market Today: Sensex, Nifty Close Flat Amid Volatility. Metal, PSU Banks Gain

Share Market Today: The market capitalisation of all the companies listed on the BSE hit $5 trillion-mark intraday. The Mcap stood at $4.97 trillion (Rs 414 trillion) at close

Share Market Today: In the broader markets, the BSE Midcap index gained 0.34 per cent, however, the BSE Smallcap index dropped 0.18 per cent.

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Share Market Today: The two key equity benchmarks, Sensex and Nifty, on Tuesday ended on a flat note amid volatility. The S&P BSE Sensex closed 53 points down at 73,953. On the other hand, the NSE Nifty50 settled at 22,529, rising 27 points.

Stock update

On the 30-share Sensex platform, Nestle, Maruti, IndusInd Bank, ICICI Bank, HUL, L&T were among the losers. On the flip side, Tata Steel, JSW Steel, PowerGrid, TechM, NTPC, Asian Paints emerged gainers.

Meanwhile, the market capitalisation of all the companies listed on the BSE hit $5 trillion-mark intraday. The Mcap stood at $4.97 trillion (Rs 414 trillion) at close.

In the broader markets, the BSE Midcap index gained 0.34 per cent, however, the BSE Smallcap index dropped 0.18 per cent.

Sectoral update

Sectorwise, Nifty Metal index surged 3.7 per cent, followed by Nifty PSU Bank index (1.5 per cent). Nifty FMCG, and Private Bank indices, on the other hand, fell 0.4 per cent and 0.7 per cent, respectively.

In the previous special session on Saturday, the BSE benchmark climbed 88.91 points to end at 74,006, while the NSE Nifty gained 36 points to 22,502. Markets were closed on Monday due to the fifth phase of the Lok Sabha elections in Mumbai.

Global stock update

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower. European markets were trading in the negative territory. Wall Street ended mostly higher on Monday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 92.95 crore on Saturday, according to exchange data.

Global oil benchmark Brent crude declined 0.55 per cent to $83.25 a barrel.

Rupee rises 6 paise

Meanwhile, the rupee appreciated 6 paise to close at 83.31 against the US dollar on Tuesday following a weak greenback against major currencies overseas and softening crude oil prices in international markets. However, a sluggish trend in the domestic equity markets restricted the sharp upside in the local currency, forex traders said.

At the interbank foreign exchange market, the local unit opened strong at 83.32 and touched an intraday high of 83.26 and a low of 83.36. The domestic unit finally settled at 83.31 (provisional), a gain of 6 paise from its previous close. On Friday, the rupee had settled at 83.37 against the US dollar. The forex market was closed on Monday on account of general elections.