Indian stock market closed flat, buying in midcap and smallcap
Mumbai(Uttam Hindu News)- Tuesday’s trading session was full of ups and downs for the Indian stock market. The market had started with a rise, but the main indices closed flat at the end of trading.
Sensex closed at 84,266 with a slight fall of 33 points and Nifty closed at 25,796 with a slight fall of 13 points. The market sentiment was positive even after the main indices closed in the light red. On the Bombay Stock Exchange (BSE), 2,308 shares were in the green, 1,655 shares were in the red and 91 shares closed unchanged. Buying was seen in midcaps and smallcaps rather than largecaps. The Nifty Midcap 100 index was at 60,358, up 204 points or 0.34 per cent, and the Nifty Smallcap 100 index was at 19,331, up 151 points or 0.79 per cent.
Auto, IT, PSU Bank, Pharma, Metal, Media, Services and Consumer Durable indices closed in the green. Fin Service, FMCG, Realty, Energy, Private Bank and PSE indices closed under pressure. Tech Mahindra, M&M, Kotak Mahindra Bank, Infosys, SBI, HCL Tech, Wipro, Nestle, ICICI Bank, TCS, UltraTech Cement, Bajaj Finserv and Sun Pharma were the top gainers in the Sensex pack. IndusInd Bank, Asian Paints, HUL, Tata Motors, Tata Steel, Titan, Reliance, NTPC and L&T were the top losers. Vaibhav Vidwani, Research Analyst at Bonanza Portfolio, says that the market witnessed volatility today. There was buying in IT stocks, but there was selling in Oil & Gas and Energy sectors, which shows that investors are being cautious after the huge fall after Friday. The trading session started in the green. At 9:23 am, Sensex was at 84,592, up 246 points or 0.35 per cent, and Nifty was at 25,890, up 79 points or 0.31 per cent.
