Share Market Today: Sensex, Nifty End Flat. Titan Slips 3.5 Per Cent; FMCG Shines
Share market today: On the 30-share Sensex platform, Titan was the prime loser, down 3.54 per cent, followed by Adani Ports, Tata Steel, Asian Paints, JSW Steel, M&M
Share market today: The two key equity benchmarks, Sensex and Nifty, on Monday closed flat due to muted trend, whereas broader markets, Midcap and Smallcap indices, hit fresh record highs. The BSE Sensex index, which dropped 265 points in morning deals, recouped some of its losses to end at 79,960, down 36 points. On the other hand, the NSE Nifty50 settled marginally lower by 3 points to 24,321.
Stock update
On the 30-share Sensex platform, Titan was the prime loser, down 3.54 per cent, followed by Adani Ports, Tata Steel, Asian Paints, JSW Steel, M&M. On the flip side, ITC, HUL, Nestle, HCLTech, Tata Motors, Infosys emerged gainers.
In the broader indices, the BSE Midcap and Smallcap indices settled 0.14 per cent and 0.22 per cent lower, respectively. However, the benchmarks hit all-time highs during intraday trade.
Sectoral update
Sectorally, Nifty Metal, PSU Bank, and Consumer Durable indices declined over 1 per cent each, on the other hand, Nifty FMCG advanced 1.6 per cent.
In the previous session on Friday, the BSE Sensex closed at 79,997, down 53 points, while the NSE Nifty50 ended at 24,324, up 21 points.
Global update
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong settled in the red. European markets were trading in the positive territory. US markets ended with gains on Friday.
Global oil benchmark Brent crude declined 0.97 per cent to $85.70 a barrel.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,241.33 crore on Friday, according to exchange data.
Rupee falls 1 paise
The rupee pared initial gains to settle 1 paisa lower at 83.50 against the US dollar on Monday, as muted domestic equities weighed on investor sentiments. At the interbank foreign exchange market, the local unit opened at 83.45 and hit the intraday high of 83.44 and a low of 83.50 against the American currency during the session.
It finally settled at 83.50 against the dollar, registering a loss of one paisa over the previous close. On Friday, the rupee settled at 83.49 against the US dollar.
Forex traders said the rupee gained on a weak dollar and decline in crude oil prices. However, weak domestic markets put pressure on the domestic unit.
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