BIZ DESK
Benchmark Indian equity indices today gave up the early gains but settled flat at closing. The BSE Sensex settled at 74,332.58, down merely 7.51 points or 0.01 per cent. The 30-share Sensex traded in the range of 74,586.43-74,038.03 today.
NSE Nifty50, on the other hand, settled with marginal gains of 7.80 points or 0.03 per cent at 22,552.50. Nifty50 was seen at a day’s high of 22,633.80, while it slipped to an intra-day low of 22,464.75 on Friday.
Reliance Industries was the top gainer among the Nifty50 constituent stocks that ended with the gains of 3.04 per cent. This was followed by Tata Motors, Bharat Electronics, Bajaj Auto, and Hindalco with gains of up to 1.23 per cent. Meanwhile, IndusInd Bank, Shriram Finance, NTPC, BPCL, and Infosys were among the top laggards of Nifty50 constituent stock of Nifty50 that ended down by 3.78 per cent. Notably, e-retail/commerce player Zomato ended down by 3.70 per cent.
Among the broader markets, the Nifty Smallcap100 index continued its northward journey, settling higher by 0.67 per cent, while the Nifty Midcap100 index ended down by 0.32 per cent. Sectoral indices on the NSE ended on a mixed note, with Nifty Auto, PSU Bank, Medtal, Media, and Oil & Gas indices ending higher by up to 1.83 per cent. Among others, Nifty Consumer Durables and Realty indices settled down by over 1 per cent. This was followed by Nifty IT, Bank Nifty, Financial Services, Private Bank, and Healthcare indices, which fell by up to 0.85 per cent.
The Mid-Cap index dropped 0.3 percent, while the Small-Cap index advanced over 0.7 percent. In the Sensex index, 17 out of 30 companies ended in negative territory. Among the top laggards, Zomato dipped over 3.8 percent, IndusInd Bank slipped over 3.5 percent, and NTPC dropped almost two and a half percent. Conversely, among the top gainers, Reliance rose more than 3.1 percent, Nestle India gained over 1.6 percent, and Tata Motors increased over 1.3 percent. In Sectoral Indices at the BSE, 13 out of 21 sectors ended down. Among the top laggards, Consumer Durables lost 1.1 percent, Utilities slipped over 0.9 percent, and Focused IT fell over 0.8 percent. In the top gainers, Industrials advanced over 0.8 percent, Commodities rose over 0.6 percent, and Energy added almost 0.6 percent. Meanwhile, overall market breadth at the BSE was positive as shares of 2,512 companies advanced, 1,468 declined, and 134 remained unchanged. At the National Stock Exchange, 17 companies hit their 52-week high, while 37 hit their 52-week low.