Share Market Today: Sensex, Nifty Close On A Flat Note. Broader Markets Gain
Share market today: On the 30-share Sensex platform, 13 out of the 30 stocks in the BSE Sensex settled in the green. Infosys, Bajaj Finance, Adani Ports, JSW Steel, HCLTech, NTPC were among the losers
Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Tuesday closed on a flat note due to subdued sentiment and a lack of major triggers. The 30-share BSE Sensex fell 4.40 points to end at 82,555. On the other hand, the NSE Nifty got a slim gain of 1.15 points to settle at 25,280.
Stock update
On the 30-share Sensex platform, 13 out of the 30 stocks in the BSE Sensex settled in the green. Infosys, Bajaj Finance, Adani Ports, JSW Steel, HCLTech, NTPC were among the losers. On the flip side, ICICI Bank, Bajaj Finserv, Titan, Nestle, HDFC Bank, SBI emerged gainers.
In the broader market, BSE Smallcap index gained 0.54 per cent, while the BSE Midcap advanced 0.19 per cent.
Sectoral update
Sectorally, the Consumer Durables index led gains, followed by the Bank and Financial Services sector, while the Media index was the biggest laggard, with the Metal, Realty, and Oil & Gas sectors also trailing.
In the previous session on Monday, the BSE Sensex jumped 194 points to end at 82,560, while the NSE Nifty50 ended higher at 25,279, rising 43 points.
"Amid mixed global signals and the absence of significant new catalysts, aside from the anticipated Fed rate cut, which is already factored in, the domestic market took a breather. Mild caution emerged due to a recent slowdown in manufacturing activities, which indicates a slowdown in demand," said Vinod Nair, Head of Research, Geojit Financial Services.
Global update
In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong settled lower. European markets were quoting in the negative territory. The US markets were closed on Monday for the Labour Day holiday.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,735.46 crore on Monday, according to exchange data.
Global oil benchmark Brent crude declined 1.79 per cent to $76.13 a barrel.
Rupee falls 5 paise
The rupee declined 5 paise to 83.96 (provisional) against the US dollar on Tuesday, tracking a strong greenback against major currencies overseas and a sluggish trend in domestic equities. However, lower crude oil prices in international markets capped the decline in the local unit, forex traders said.
At the interbank foreign exchange market, the rupee opened 3 paise lower at 83.94 against the American currency and traded in the range of 83.94-83.98 during the day. It finally settled at 83.96 (provisional) against the US dollar, 5 paise lower than its previous close. On Monday, the domestic currency settled at 83.91.
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