Stock Market Today: Sensex, Nifty End Topsy-Turvy Session Little Changed
The Nifty ended at 23,264.85, up by 5.65 points or 0.02% and the Sensex closed lower by 33.48 points or 0.04% at 76,456.59. Intraday, the Nifty gained as much as 0.56% and the Sensex gained 0.48%.
KEY HIGHLIGHTS
Rupee Weakens Against The U.S. Dollar
The local currency weakened by 7 paise to 83.57 against the US dollar.
It closed at 83.50 on Monday.
Source: Cogencis
Sensex, Nifty End Topsy-Turvy Session Flat: Closing Bell
India's benchmark equity gauges ended erased all their gains in the last hour of the session and ended little changed from Monday's close as losses in the shares of Reliance Industries and ICICI Bank weighed.
The Nifty ended at 23,264.85, up by 5.65 points or 0.02% and the Sensex closed lower by 33.48 points or 0.04% at 76,456.59. Intraday, the Nifty gained as much as 0.56% and the Sensex gained 0.48%.
"The short-term texture suggesting 23400/77000 would be the key resistance zone for the short-term traders, while 23200/76300 would act as a crucial support zone," said Shrikant Chouhan, head of equity research at Kotak Securities. "We are of the view that, post 23400/77000 breakout the market could rally up to 23500-23525/77300-77400."
Shares of Reliance Industries Ltd., ICICI Bank Ltd., Kotak Mahindra Bank Ltd., ITC Ltd., and Axis Bank Ltd. weighed on the Nifty.
While those of Larsen & Toubro Ltd., Oil & Natural Gas Corp. Ltd., Tata Motors Ltd., Maruti Suzuki India Ltd, and Mahindra & Mahindra Ltd. minimised the losses
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Nifty Media and Nifty Oil & Gas were the top gainers whereas Nifty Pharma lost the most.
Broader markets outperformed benchmark indices. The S&P BSE Midcap ended 0.74% higher, and the S&P BSE Smallcap settled 0.95% higher.
Out 20 sectors compiled by BSE, 17 sectors advanced and three decline. The S&P BSE Oil & Gas ended nearly 2% higher to become the top performing sector in Tuesday's session. The S&P BSE Metal is the worst performing sector.
Market breadth was skewed in favour of buyers. On BSE, 2,468 stocks advanced, 1,390 stocks declined, and 111 stocks remained unchanged.
Union Bank Approves Fund Raise
Approves raising up to Rs 10,000 crore
Approves raising up to Rs 6,000 crore via FPO &/or rights issue
Approves raising up to Rs 4,000 crore via bonds
Source: Exchange Filing
Gateway Distriparks Sells Land To Snowman Logistics
Sells 7.63 acres land to Snowman Logistics for Rs 20 crore
Source: Exchange Filing
Cipla Hits Lifetime High
The stock jumped as much as 0.80% to hit a lifetime high of Rs 1,546.45.
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