Share Market Today: Sensex, Nifty Records Peak, Finish Flat Amid Volatility. Realty, FMCG Gain

Share Market Today: On the 30-share Sensex platform, HUL, Bharti Airtel, TechM, Infosys, M&M, ICICI Bank emerged gainers

Share market today: The two key equity benchmarks, Sensex and Nifty, on Tuesday closed flat after hitting record highs in the intraday trade amid volatility. The BSE Sensex, which touched a record high of 80,898 in the morning trade, closed at 80,717, up 52 points. On the other hand, the NSE Nifty50 hit a new high of 24,661, before settling at 24,613, rising 26 points.

Stock update

On the 30-share Sensex platform, HUL, Bharti Airtel, TechM, Infosys, M&M, ICICI Bank emerged gainers. On the flip side, Kotak Bank, NTPC, Reliance, UltraCemco, PowerGrid, L&T were among the losers.

In the broader markets, the BSE Midcap sank 0.29 per cent while the BSE Smallcap closed with gains of 0.32 per cent.

Sectoral update

Sectorwise, most indices ended in the red, led by the Nifty Media dropping 1 per cent, Nifty Pharma declining 0.38 per cent, while the Nifty PSU Bank dipping 0.25 per cent. Nifty Realty index rose 1.6 per cent while Nifty FMCG jumped 0.96 per cent.

Markets will remain closed on Wednesday for Muharram.

In the previous session on Monday, the BSE benchmark climbed 146 points to end at a new record high of 80,665, while the NSE Nifty rallied 85 points to settle at an all-time closing high of 24,587.

Global update

In Asian markets, Seoul, Tokyo and Shanghai settled higher, while Hong Kong ended lower amid dovish comments from the US Fed Chair Jerome Powell bolstering hopes of a rate cut by September. European markets were trading lower. US markets ended in positive territory on Monday.

Global oil benchmark Brent crude dipped 0.80 per cent to $84.13 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 2,684.78 crore on Monday, according to exchange data.

Rupee rises 3 paise

The rupee consolidated in a narrow range and settled for the day 3 paise higher at 83.58 (provisional) against the US dollar on Tuesday, on firm domestic markets and sustained inflow of foreign capital. Forex traders said a decline in crude oil prices favoured the rupee, while a strong US dollar capped sharp gains.

At the interbank foreign exchange market, the local unit opened at 83.59, and touched an intraday high of 83.53 and a low of 83.60 against the dollar during the trading session.

It finally settled at 83.58 (provisional) against the American currency, registering a gain of 3 paise from its previous close. On Monday, the rupee depreciated 10 paise to 83.61 against the US dollar.