Sensex ends flat amid volatility in markets

Mumbai: Indian equity markets closed flat on Tuesday amid volatility in the markets. At closing, Sensex was at 76,456 down 33 points and Nifty was up 5 points at 23,264.

Midcap and smallcap stocks outperformed the largecaps. The Nifty midcap was up 430 points or 0.81 per cent at 53,666 and the Nifty smallcap 100 closed at 17,571 up 96 points or 0.55 per cent.

Among the sector indices, Auto, IT, PSU Bank, realty, and energy were major gainers. Fin Service, FMCG, and pharma were major laggards.

L&T, Tata Motors, Maruti Suzuki, NTPC, UltraTech Cement, Tech Mahindra, Tata Steel, M&M, Bajaj Finance, HCL Tech and Power Grid were the top gainers. Kotak Mahindra, Asian Paints, Reliance, ITC, Sun Pharma, and ICICI Bank were the top losers.

Rupak De, Senior Technical Analyst, LKP Securities said, “Nifty remained sideways during the day as there was no directional move. The sentiment might remain sideways until it breaks out of the 23,150 – 23,350 range. Any decisive breakout on either side might confirm the future direction of the market.”

“On the higher end, above 23,350, it might move towards 23,600. Meanwhile, support below 23,150 is placed at 23,000 – 22,900,” he added.

IANS

Sensex, Nifty hit new all-time high on strong global cues

Mumbai:Indian equity frontline indices opened in green on Tuesday following positive global cues. In the early trade, Sensex and Nifty made a new all-time high of 77,326 and 23,573 respectively....

India’s pharma exports clock double-digit growth amid surging demand in US, UK

New Delhi: India’s pharmaceutical exports continue to register double-digit growth, reflecting the strong demand for the country’s affordable generic medicines in global markets led by the USA and UK. India’s...

Sitharaman to hold pre-budget talks with India Inc, farmers’ bodies, state FMs this week

New Delhi: Finance Minister Nirmala Sitharaman will hold consultations with apex industry chambers, farmers’ associations and state finance ministers in the run-up to the full budget for 2024-25 that is...

Shares of Hyundai Motor jump as it files for India unit IPO worth $3 billion

Seoul: Shares of Hyundai Motor, South Korea's leading carmaker, jumped here on Monday as it confirmed that its India unit has filed for an initial public offering (IPO) to raise...

Foreign investors make a stellar comeback to Indian equity markets with Rs 11,730 crore inflow

Mumbai: Foreign investors were selling equity in Indian markets for the last few months. The trend changed from the previous week when Foreign Institutional Investors (FIIs) invested Rs 11,730 crore...

Dharavi Redevelopment: ‘Land transfer is to Maha govt, not developer Adani Group’

Mumbai: The ongoing Dharavi redevelopment project does not involve any land transfer to Adani Group but it was only to the Maharashtra government's Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA). The...

Markets need correction but current momentum indicates otherwise

New Delhi: After the sharp gains witnessed in the previous week, markets were circumspect this time around but continued to post gains. Markets are at lifetime highs, and in the...

Modi 3.0: Stock markets to touch new high in 1 yr, say global rating agencies

New Delhi: Indian stock markets have seen a robust rally since the new government's formation, closing at an all-time high in the last week. According to top rating agencies, the...

Indian stock markets breaking global benchmarks in equity market cap

New Delhi: As Indian stock markets continue to touch fresh new highs almost every day post the formation of the new government, they are also breaking global benchmarks. In a...

ONGC, Oil India Ltd to gain as Govt cuts windfall tax on crude oil

New Delhi: The Government has reduced the windfall tax on petroleum crude to Rs 3,250 per metric tonne from Rs 5,200 with effect from June 15 as prices of crude...

Sense, Nifty at all-time high as inflation cools this week

Mumbai: Indian stock markets closed at an all-time high in the last week. This is the second consecutive week when Indian frontline indices Sensex and Nifty made a new all-time...

India’s forex kitty surges to new lifetime high of $655.8 billion

Mumbai: India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a lifetime high of $655.8 billion, according to the latest data released by...

Read Previous

AAP slams NDA govt over induction of Manjhi in Cabinet, cites his insulting remarks on Lord Ram

Read Next

Karan Johar, Manish Malhotra launch Usha Kakade’s production house, welcome her into industry

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com