Share Market Today: Sensex, Nifty Trade Flat Amid Volatility. Oil & Gas, Bank Stocks Gain

Share market today: On the 30-share Sensex platform, Infosys, PowerGrid, UltraCemco, HCL, TechM, TCS emerged gainers

Share market today: In broader markets, the BSE Midcap index jumped by 0.26 per cent while the Smallcap index advanced over 0.58 per cent.

Source : PTI

Share market today: The two key equity benchmarks, Sensex and Nifty, on Tuesday are trading flat amid volatility after hitting their fresh lifetime highs during early morning trade. The domestic indices rallied in the morning tracking global sentiment and buying in IT stocks. At 10.25 am, the BSE Sensex was trading marginally higher by 47 points to 79,523. On the other hand, the NSE Nifty50 was trading at 24,154, up 12 points.

Stock update

On the 30-share Sensex platform, Infosys, PowerGrid, UltraCemco, HCL, TechM, TCS emerged gainers. On the down side, Kotak Bank, Bajaj Finance, ICICI Bank, Tata Motors, IndusInd Bank, Bajaj Finserv were among the losers.

In broader markets, the BSE Midcap index jumped by 0.26 per cent while the Smallcap index advanced over 0.58 per cent.

Sectoral update

Sectorwise, Nifty IT, Nifty Oil & Gas, and Nifty PSU Bank saw gains, while Nifty Healthcare and Nifty Auto are trading in the loss.

In the previous session on Monday, the BSE benchmark closed higher by 443 points at an all-time high of 79,476, while the NSE Nifty jumped 131 to end at a fresh lifetime high of 24,142.

Global update

In Asian markets, Tokyo, Shanghai, and Hong Kong were trading in the positive territory on Tuesday, while Seoul quoted lower. US markets ended in the green on Monday.

Global oil benchmark Brent crude climbed 0.23 per cent to $86.80 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 426.03 crore on Monday, according to exchange data.

Rupee Sinks 12 Paise

The rupee depreciated 12 paise to 83.56 against the US dollar in early trade on Tuesday, weighed down by the strengthening of the American currency in the overseas markets and elevated crude oil prices.

Forex traders said oil importers and foreign portfolio investors (FPIs) bought US dollars amid rising US yields, and this dragged down the local unit.

At the interbank foreign exchange market, the rupee opened at 83.51 and lost further ground to trade at 83.56 against the greenback in initial deals, registering a fall of 12 paise from its previous closing level.

On Monday, the rupee depreciated 10 paise to settle at 83.44 against the US dollar.