Stock Market Today: Sensex, Nifty Trade Flat Amid Volatility. Power Up, Real Estate Down

Stock update: On the 30-share Sensex platform, TCS, Wipro, L&T, TechM, IndusInd Bank, JSW Steel emerged losers. ITC, Bajaj Finance, Airtel, ICICI Bank, Nestle, Bajaj Finserv were among the gainers

In the broader markets, the BSE Midcap and Smallcap indices jumped up to 0.8 per cent.

Source : Getty

The two key equity benchmarks, Sensex and Nifty, on Monday were trading flat tracking mixed global cues amid volatility. At 10.05 am, the BSE Sensex dipped 52 points 71,375, on the other hand, the NSE Nifty50 was trading at 22,042, up marginally by 1.45 per cent.

On the 30-share Sensex platform, TCS, Wipro, L&T, TechM, IndusInd Bank, JSW Steel emerged losers. On the flip side, ITC, Bajaj Finance, Airtel, ICICI Bank, Nestle, Bajaj Finserv were among the gainers.

#ABPStockMarketWatch | Sensex and Nifty opened with nominal gains, on Monday

At 09:20 AM, #Sensex gained 45 points to open at 72,472, and #Nifty gained 41 points to open at 22,081

Here's a look at the stocks in focus:#ABPLive #OpeningBell #MarketWatch pic.twitter.com/vPMygozZJq

— ABP LIVE (@abplive) February 19, 2024

In the broader markets, the BSE Midcap and Smallcap indices jumped up to 0.8 per cent.

Sectorwise, FMCG, power, and healthcare sectors are trading in the green, while selling is seen in the real estate, capital goods, and information technology sectors.

In the previous session on Friday, the BSE Sensex jumped 376 points to end at 72,427, while the NSE Nifty50 closed at 22,041, up 130 points.

Deepak Jasani, Head of Retail Research at HDFC Securities, said Asian shares got off to a slow start on Monday as fading chances for early rate cuts globally soured the mood, though investors are hoping China markets return from holiday with a spring in their step. "Fourth-quarter earnings have come in a lot better than expected. Although US inflation in January, as measured by the consumer-price index and producer-price index, was stronger than Wall Street expected, the trend is lower," he added.

US market will be closed on Monday on account of President's Holiday. On Friday, US stocks closed in the red, with all three major indices logging weekly losses, as investors assessed inflation readings and company earnings.

On Friday, Foreign Portfolio Investors (FPIs) were net buyers as they purchased securities worth Rs 253.28 crore, according to exchange data.