Market close: Nifty ends flat, Sens ex rises 151 pts
Market benchmark indices continued their profit-run to a second consecutive day on Tuesday, august 10, led by select private financial and IT stocks. Losses in metal, automobile, and PSU banking scrips weighed down the market and taking away some of the gains. Though the Nifty and Sensex logged fresh all-time highs in a volatile session. The Nifty even surpassed the intraday resistance of 16,300.
At close, the BSE Sensex ended 151.81 points or 0.28% higher at 54,554.66 levels, a record closing high, while the broader Nifty50 benchmark rose 21.85 points (0.13 percent) to end at 16,280.10 levels. The correction between 16,359 and 16,202 in the Nifty intraday session indicates uncertainty between bulls and bears.
In the broader markets, the BSE SmallCap and Midcap indices bled 2 per cent and 1 per cent, respectively. 265 closed positively, while 1500 stocks traded in the red in the broader markets. Sectorally, all other indices ended in the red, except IT with PSU bank indices and Nifty metal shed over 2 percent each.
Among blue-chip stocks, HCL Tech, HDFC, mahindra BANK' target='_blank' title='kotak mahindra bank-Latest Updates, Photos, Videos are a click away, CLICK NOW">kotak mahindra bank, Bharti Airtel, M&M, wipro and Tech mahindra, were the top gainers. ending between 1.07%and 3.78 percent higher. On the other hand, Shree Cement, Hindalco, power Grid, NTPC, Tata Steel and JSW Steel, were the worst hit laggards closing between 1.97 percent and 4.05 percent, in the Nifty50 universe.
At close, the BSE Sensex ended 151.81 points or 0.28% higher at 54,554.66 levels, a record closing high, while the broader Nifty50 benchmark rose 21.85 points (0.13 percent) to end at 16,280.10 levels. The correction between 16,359 and 16,202 in the Nifty intraday session indicates uncertainty between bulls and bears.
In the broader markets, the BSE SmallCap and Midcap indices bled 2 per cent and 1 per cent, respectively. 265 closed positively, while 1500 stocks traded in the red in the broader markets. Sectorally, all other indices ended in the red, except IT with PSU bank indices and Nifty metal shed over 2 percent each.
Among blue-chip stocks, HCL Tech, HDFC, mahindra BANK' target='_blank' title='kotak mahindra bank-Latest Updates, Photos, Videos are a click away, CLICK NOW">kotak mahindra bank, Bharti Airtel, M&M, wipro and Tech mahindra, were the top gainers. ending between 1.07%and 3.78 percent higher. On the other hand, Shree Cement, Hindalco, power Grid, NTPC, Tata Steel and JSW Steel, were the worst hit laggards closing between 1.97 percent and 4.05 percent, in the Nifty50 universe.