Stock Market Today: Markets End Flat; Nifty Set To Break 28-Year Record With Fall In 5 Straight Months

Rupee closed flat at 87.20 against US Dollar 

Source: Bloomberg

• Nifty and Sensex end flat on Thursday.

• Intraday, both Nifty had risen 0.29%, while Sensex rose 0.31%.

• Nifty ends 0.001% or 2.50 points down at 22,545.05. Nifty closes in red for sevent session and has fallen for 15 sessions out of the last 16.

• Sensex ends 0.01% or 10.31 points higher at 74,612.43.

• Nifty Bank snaps four day losing streak, while Nifty IT falls for sixth day in a row.

• Broader indices also closed lower. Nifty Midcap 150 ended 1.26% lower; Nifty Smallcap 250 closed 1.67% lower.

• Most sectoral indices fell with Nifty Media falling the most. On the other hand, Nifty financials was the top sectoral gainer.

• HDFC Bank Ltd., Bajaj Finance Ltd., and Shriram Finance Ltd. were top Nifty losers.

• UltraTech Cement Ltd., Mahindra and Mahindra Ltd., and Trent Ltd. were the top gainers for the day.

Two large trades have occurred in CG Power stock. On the NSE, nearly 2.45 million shares changed hands in the first one. Another trade of 16.2 lakh shares took place on Thursday.

A large trades have occurred in CG Power stock. On the NSE, nearly 2.45 million shares changed hands. The shares of CG Power fell over 3.65% at Rs 576.90.

UltraTech Cement's latest announcement of its venture into the cable and wire industry on Tuesday led to the stock hitting an intraday low of 6.38% at Rs 10,264.4 on Thursday.

This caused the stock to lose a market capitalization as much as Rs 20,500 crores in a single trading sessions. Promoters lost Rs 12,000 crore.

The announcement also put heavy pressure on cable and wire companies- with top players like Polycab, KEI Industries, RR Kabel, Havells, Finolex Cables losing as much as Rs 35,500 crore in market capitalization.