(Source: ECI/ABP News/ABP Majha)
Share Market Today: Indices End Flat Amid Volatility After Sensex Hits 85K. Nifty At 25940
Share Market Today: On the 30-share Sensex platform, HUL, UltraCemco, Kotak Bank, IndusInd Bank, Titan, Nestle closed in the red
Share market today: The two key equity benchmark indices, Sensex and Nifty, on Tuesday closed flat amid volatility after surging to fresh all-time highs. After oscillating between highs and lows, the 30-share BSE Sensex dropped 15 points to 84,914. It gained 235 points to scale a fresh all-time intra-day high of 85,163. On the other hand, the NSE Nifty50 settled at 25,940, rising 1.35 per cent. The index rose 73 points to hit a new intra-day high of 26,012.
Stock update
On the 30-share Sensex platform, HUL, UltraCemco, Kotak Bank, IndusInd Bank, Titan, Nestle closed in the red. On the flip side, Tata Steel, PowerGrid, TechM, HCLTech, M&M, JSW Steel emerged gainers.
In the broader market, the BSE Midcap index advanced 0.2 per cent, while the Smallcap index closed flat.
Sectoral update
The Nifty Metal index emerged as the top performer, rising 2.97 per cent by the close. The Nifty Bank and Financial Services indices also slipped, down 0.25 per cent and 0.28 per cent, respectively, while the Realty, Consumer Durables, and Healthcare indices closed in the red as well.
Global update
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong settled in the positive territory. Shanghai and Hong Kong markets ended significantly higher. European markets were trading in the green. The US markets ended higher on Monday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 404.42 crore on Monday, according to exchange data.
Global oil benchmark Brent crude jumped 2.35 per cent to $75.64 a barrel.
In the previous session on Monday, the BSE Sensex gained 384 points to close at 84,928, while the NSE Nifty 50 touched an all-time high of 25,956, before closing 148 points higher at 25,939.
Rupee falls 11 paise
The rupee depreciated 11 paise to close at 83.65 (provisional) against the American currency, weighed down by a muted trend in domestic equities and rising crude oil prices. The Indian currency opened higher on Tuesday as domestic equities touched fresh record highs. However, the rupee lost early gains and closed in the red and domestic equity markets also followed suit and closed in the negative territory.
Forex traders said a surge in crude oil prices weighed on the rupee, while the US Dollar weakened as China announced fresh stimulus to boost its economy.
At the interbank foreign exchange market, the local unit opened at 83.54 against the American currency and finally settled at 83.65 (provisional) against the US dollar, down 11 paise from its previous close. On Monday, the rupee pared its early gains to close lower by 2 paise at 83.54 against the US currency.