Share Market Today: Sensex, Nifty Trade Flat Amid Volatility. Auto, IT Lead; PSBs Drag

Share Market Today: On the 30-share Sensex platform, IndusInd Bank, L&T, NTPC, HUL, HDFC Bank, Bajaj Finance were among the early losers

In the broader markets, the Nifty Midcap 100 advanced 0.10 per cent, while the Nifty Smallcap 100 rose by 0.04 per cent.

Source : PTI

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Monday are trading flat amid volatility amid weak trends. At 10.35 am, the BSE Sensex dipped 64 points to 79,738. On the other hand, the NSE Nifty50 was trading at 24,149, down 18 points.

Stock update

On the 30-share Sensex platform, IndusInd Bank, L&T, NTPC, HUL, HDFC Bank, Bajaj Finance were among the early losers. On the flip side, UltraCemco, Maruti, Sun Pharma, TechM, JSW Steel, Adani Ports emerged early gainers.

In the broader markets, the Nifty Midcap 100 advanced 0.10 per cent, while the Nifty Smallcap 100 rose by 0.04 per cent.

Sectoral update

Across sectors, buying can be seen in the auto, IT, media, metal, pharma, realty stocks. PSU Bank stocks are trading in the red.

the Consumer Durables index led the gains, rising by 0.57 per cent, followed by the Healthcare, Pharma, Media, and Auto indices. On the downside, the Oil & Gas index was the biggest laggard, declining 0.98 per cent, with the Bank, FMCG, Financial Services, IT, and Metal indices also ending in the red.

In the previous session on Friday, the BSE benchmark jumped 759 points to settle at 79,802, while the NSE Nifty50 climbed 217 points to 24,131.

"The Q2 GDP shocker of 5.4 per cent will weigh on markets but the impact is unlikely to be big since part of the declining growth was factored in by the market after the disappointing Q2 results," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Global update

In Asian markets, Seoul traded lower while Tokyo, Shanghai, and Hong Kong quoted higher. US markets ended in the positive territory on Friday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,383.55 crore on Friday, according to exchange data.

Global oil benchmark Brent crude climbed 0.56 per cent to $72.24 a barrel.

Rupee opens flat

Rupee opened on a flat note and rose just 2 paise from its all-time low level to 84.58 against the US dollar in morning trade on Monday, on disappointing macroeconomic data and a negative trend in domestic equities. Forex traders said Asian currencies like CNH, KRW and IDR were down after Trump Rhetoric on BRICs currency. 

At the interbank foreign exchange, the rupee opened at 84.59 and moved in a tight range and touched 84.58 against the greenback, registering a gain of just 2 paise over its previous close. In initial trade it also revisited its all-time low of 84.60 against US dollar. On Friday, the rupee plunged 13 paise to settle at a fresh all-time low of 84.60 against US dollar.