Share Market Today: Sensex, Nifty Ends Flat; FPIs Remain Net Sellers
Sensex closed lower by 51 points or 0.08% at 62,130.57 points, while the Nifty ended 0.55 point higher at 18,497.15 points.
KEY HIGHLIGHTS
Foreign Investors Remain Net Sellers
Overseas Investors in Indian equities started the week as net sellers, making it the sixth straight day of selling.
Foreign portfolio investors offloaded equities worth Rs 138.81 crore, according to data from the National Stock Exchange.
Domestic institutional investors remained net buyers and bought equities worth Rs 695.6 crore.
Institutions net bought Rs 3,694.91 crore worth of equities in December so far, and net sold Rs 11,756.98 crore worth of Indian equities till date in 2022.
10-Year Bond Yield Ends Flat
Yield on the 10-year bond ended flat to close at 7.29% on Monday.
Source: Bloomberg
Rupee Depreciates Against The U.S. Dollar
The local currency, rupee depreciated by 26 paise to 82.54 against the greenback on Monday.
The rupee closed at 82.28 on Friday.
Source: Bloomberg
Closing Bell
The Indian benchmark indices fell flat in trade after a volatile day on Monday.
The S&P BSE Sensex closed lower by 51 points or 0.08% at 62,130.57 points, while the NSE Nifty 50 ended 0.55 point higher at 18,497.15 points.
Out of the stocks compiled by the NSE Nifty 50 Index, 28 advanced while 22 declined.
BPCL Ltd., Divi's Laboratories Ltd., Coal India Ltd., UPL Ltd., and Nestle India Ltd. were the top gainers amongst the NSE Nifty 50 constituents.
Whereas, Asian Paints Ltd., Infosys Ltd., Kotak Bank Ltd., Titan Co. and Eicher Motors Ltd. were the top laggards in the gauge.
The broader market indices; S&P BSE MidCap and S&P BSE SmallCap outperformed their larger peer by ended the day 0.30% and 0.36% higher, respectively.
Eleven out of the 20 sectoral indices complied by the BSE advanced while nine declined.
The market breadth was skewed in favour of the bulls. About 1,816 rose, 1,766 declined and 204 remained unchanged on the BSE.
Source: Bloomberg, Exchanges
GAIL India Surges After Large Trade
The shares of GAIL India Ltd., rose 2.20% on Monday, as of 3:14 pm after 2.89 million shares changed hand in a bunch trade.
It gained 2.37%, the most since Nov. 7. The stock was trading at 1.4 times its 30-day average volume.
Out of the 34 analysts tracking the company, 24 maintain a 'buy' rating, eight suggest 'hold' and two analysts recommend to 'sell' the stock.
Source: Bloomberg, Exchanges
