Stock Market Today: Sensex, Nifty Trade Flat Amid Volatility. IT Stock Dips; Adani Group Rises

Stock update: On the 30-share Sensex platform, HCLTech, Reliance, TechM, Infosys, Sun Pharma, PowerGrid emerged early losers

In the broader markets, the BSE Midcap and Smallcap indices gained up to 0.6 per cent.

Source : Getty

The two key equity benchmarks, Sensex and Nifty, on Tuesday were trading flat on a muted note. At 10.10 am, the S&P BSE Sensex was marginally down by 9 points to 65,961. On the other hand, the NSE Nifty50 was quoted at 19,815, up 20 points. On the 30-share Sensex platform, HCLTech, Reliance, TechM, Infosys, Sun Pharma, PowerGrid emerged early losers. On the flip side, Tata Motors, UltraCemco, Titan, Axis Bank, M&M, Airtel were among gainers.

#ABPStockMarketWatch | Sensex and Nifty, on Tuesday were trading flat on a muted note

At 10:40 AM, #Sensex gained 21 points to 65,991 & #Nifty 29 points to 19,824

Here's a look at the stocks in focus:#ABPLive #MarketWatch pic.twitter.com/2ZCSwEcl0U

— ABP LIVE (@abplive) November 28, 2023

In the broader markets, the BSE Midcap and Smallcap indices gained up to 0.6 per cent.

Sectorwise, the Nifty Metal index gained 0.84 per cent, while the Nifty IT index declined 0.1 per cent.

Among specific stocks, Adani Group stocks surged up to 13 per cent on the BSE on Tuesday after the Supreme Court reserved its judgement in the Hindenburg case last Friday. BSE shares gained 4.3 per cent after global brokerage firm Jefferies initiated coverage on the stock with a 'Buy' rating, seeing a 24 per cent upside from the current levels.

In the previous session on Monday, stock market across India was closed on account of Guru Nanak Jayanti. Hence, trading remained closed across equity, equity derivatives, currency derivatives, and SLB segments.

In Asian markets, Seoul, and Shanghai traded with gains, while Tokyo and Hong Kong quoted lower. The US markets ended marginally lower on Monday.

Global oil benchmark Brent crude climbed 0.29 per cent to $80.21 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 2,625.21 crore on Friday, according to exchange data.

Meanwhile, the Indian rupee appreciated 2 paise to 83.38 against the US dollar in early trade on Tuesday, tracking a weak American currency and inflow of foreign funds in the domestic equities. Forex traders said, positive sentiment in the domestic equity markets and lower crude oil price also favoured the Indian currency.

At the interbank foreign exchange, the rupee opened at 83.37 against the dollar and then touched 83.38, registering a gain of 2 paise over its previous close.