Share Market Today: Nifty, Sensex Close Flat; Metals, PSU Banks Offset Losses In Healthcare, IT

Yield on the 10-year bond remained flat at 7.22% on Monday.

Source: Bloomberg

The local currency rupee declined against the U.S. Dollar and closed 47 paise lower at 81.79.

The previous close on Friday was at 81.32.

Source: Bloomberg

Indian benchmark indices Sensex and Nifty recouped most of it's loses to close flat in trade on Monday.

The S&P BSE Sensex closed 34 points, or 0.05%, lower at 62,834.60, while the NSE Nifty 50 ended the day 5 points, or 0.03%, higher at 18,701.05

Among the Nifty 50 stocks, 27 advanced, while 23 declined.

Hindalco Industries Ltd., Tata Steel Ltd., UPL Ltd., JSW Steel Ltd. and NTPC Ltd. were the top Nifty gainers.

On the other hand, Adani Enterprises Ltd., Apollo Hospitals Enterprise, Tata Motors Ltd., Tech Mahindra Ltd. and Dr. Reddy's Laboratories were the top laggards.

The broader market indices outperformed their larger peers, with the mid-caps and small-caps gauges gaining 0.10% and 0.25%, respectively. The large-cap index mirrored its larger peers and remained unchanged.

Of the 19 sectoral indices compiled by BSE Ltd., 11 advanced, while eight declined.

The market breadth was skewed in favour of the bulls. About 2,121 stocks rose, 1,467 declined and 206 remained unchanged.

• The bank added Rs 1 lakh crore to the portfolio in 12 months

• Personal banking advances include unsecured personal loans, auto loans, pension loans, education loans, gold loans, etc.

• The stock was up 1.56%. The scrip was up

• Out of the 52 analysts tacking the stock, 50 maintained a 'buy,' two suggested to 'hold,' the stock.

• The return potential of the stock implied an upside of 16.5% over the next 12 months.

Source: Bloomberg, SBI statement