Share Market Today: Sensex, Nifty Trade Flat Amid Volatility. Auto, Power Stocks Slip

Share Market Today: On the 30-share Sensex platform, UltraCemco, Adani Ports, Sun Pharma, NTPC, L&T, M&M emerged losers

Share Market Today: In the broader markets, BSE Midcap and Smallcap indices rose marginally.

Source : ABPLIVE AI

Share Market Today: The two key equity benchmark indices, Sensex and Nifty, on Tuesday are trading flat amid volatility, after two days of robust gains. At 10.45 am, the BSE Sensex dipped 45 points to 80,065. On the other hand, the NSE Nifty50 was trading at 24,214 down 8 points.

Stock update

On the 30-share Sensex platform, UltraCemco, Adani Ports, Sun Pharma, NTPC, L&T, M&M emerged losers. On the flip side, Infosys, Asian Paints, Tata Steel, JSW Steel, TechM, HCLTech were among the gainers.

In the broader markets, BSE Midcap and Smallcap indices rose marginally.

Sectoral update

Across sectors, auto, power, and pharma declined by 0.5 per cent each, while realty, IT, and telecom gained 1 per cent each.

In the previous session on Monday, the BSE Sensex gained 993 points to close at 80,109, while the NSE Nifty50 jumped 315 points to 24,222.

Foreign Institutional Investors (FIIs) turned buyers on Monday after unabated selling for the past many days. They bought equities worth Rs 9,947.55 crore, according to exchange data.

Global update

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

Global oil benchmark Brent crude climbed 0.34 per cent to $73.26 a barrel.

Rupee gains 7 paise

Rupee appreciated 7 paise to 84.22 against the US dollar in morning trade on Tuesday, on a sharp rebound in domestic equities amid improved investor risk appetite.

Forex traders said the MSCI equity index rebalancing significantly boosted sentiment for Indian equity markets as foreign institutional investors broke a 40-session streak of net selling by purchasing Rs 9,947 crores on Monday, lending robust support to the rupee.

At the interbank foreign exchange, the rupee opened at 84.27 and moved in a tight range and touched an early high of 84.22 against the greenback, registering a gain of 7 paise over its previous close. On Monday, the rupee appreciated 12 paise to close at 84.29 against US dollar.