Nifty, Sensex Close Lacklustre Session Flat; RIL, HUL Drag: Market Wrap
The benchmark stock indices ended a lackluster session on Tuesday with little change as gains in Infosys Ltd., and Larsen & Toubro Ltd. supported the indices, while losses in Reliance Industries Ltd. and Hindustan Unilever Ltd. weighed on the indices.
The NSE Nifty 50 ended 7.15 points or 0.03% higher at 25,017.75, and the S&P BSE Sensex closed 13.65 points or 0.02% up at 81,711.76.
Intraday, the Nifty rose 0.25% to 25,073.10 and the Sensex rose 0.27% to 81,919.11. The Nifty index moved in the range of 99.45 points and the Sensex moved in a 318.6-point range.
"On the daily timeframe, the index has made a Doji candlestick pattern near the record levels, indicating indecisiveness between the bulls and bears," Aditya Gaggar, director of Progressive Share Brokers, said.
"A firm close above 25,100 will push the index higher to the 25,200–25,300 zone. On the flip side, 24,870 will be considered as an immediate strong support," Gaggar said. Doji candlestick is a pattern found in charts of analysis of financial instruments.
Infosys Ltd., Larsen & Toubro Ltd., ICICI Bank Ltd., Maruti Suzuki India Ltd., and Bajaj Finance Ltd. led the gains in the Nifty.
Reliance Industries Ltd., Hindustan Unilever Ltd., ITC Ltd., HDFC Bank Ltd. and Titan Co. weighed on the index the most.
On the NSE, six sectors advanced, four declined and two ended flat out of 12. The Nifty Media rose the most, while FMCG declined the most.
.jpeg)
The broader markets outperformed the benchmark indices as the BSE MidCap and the SmallCap indices ended 0.58% and 0.5% higher respectively.
On the BSE, nine sectors advanced and 11 declined out of 20. Telecom ended with the most gains, while FMCG declined the most.
The market breadth was skewed in favour of the buyers as 2,154 stocks advanced, 1,803 declined and 94 remained unchanged on the BSE.
Watch The Video Here
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
