Sensex At the level-headed time | Stock Market Highlights: Sensex dips 114 factors in rangebound alternate; Nifty closes flat
DwellingMarket FilesSensex At the level-headed time | Stock Market Highlights: Sensex dips 114 factors in rangebound alternate; Nifty closes flat
Sensex At the level-headed time | Stock Market Highlights: Indian equity benchmarks erased most of their intraday gains to total a uneven trading session on a muted display conceal, with losses in Hindustan Unilever and TCS outweighing gains in Mahindra & Mahindra, ICICI Bank and Reliance Industries.
(Photo Credit ranking :
CNBC-TV18
)
Sensex At the level-headed time | Stock Market Highlights: Indian equity benchmarks erased most of their intraday gains to total a uneven trading session on a muted display conceal, with losses in Hindustan Unilever and TCS outweighing gains in Mahindra & Mahindra, ICICI Bank and Reliance Industries.
The Sensex closed 114 factors lower at 77,844.52, while the Nifty 50 ended largely flat at 24,326.65.
The benchmarks had swung between gains and losses via the day earlier than ending marginally lower.
Market breadth remained firmly positive, with the NSE attain-decline ratio standing at 2:1, aided by continued power in the broader markets. The Midcap index outperformed the frontline indices, surging 676 factors to hit a legend closing excessive of 62,003 — its first-ever terminate above the 62,000 ticket.
Amongst sectoral indices, defence shares emerged as the discontinue gainers. Paras Defence rallied nearly about 9%, while Bharat Dynamics and Bharat Forge additionally posted solid gains amid renewed buying curiosity in the space.
Nifty Bank bucked the extinct headline trend, rising 66 factors to total at 56,047.
Auto shares remained in focal level as Bajaj Auto climbed nearly about 3% after reporting solid Q4 earnings and announcing a allotment buyback. Hero MotoCorp prolonged its old session’s rally, gaining over 3% on the support of upbeat management commentary.
In the broader market, Bharat Forge jumped nearly about 7% following its Q4 results, while Paytm, Polycab, Bharat Dynamics, and CG Vitality featured amongst the discontinue midcap gainers.
On the downside, HUL, TCS, Tech Mahindra, Titan, and ITC weighed on the Nifty, keeping the benchmarks under tension. Coal India additionally ended lower following reviews of a capability authorities stake sale.
Amongst earnings-pushed movers, Godrej User Merchandise fell extra than 5% after its Q4 results, while Meesho rose 2% post its quarterly earnings announcement.
Look this space to your total LIVE stock market updates.
