Closing Bell: Sensex, Nifty end flat as losses in FMCG, pharma neutralise gains of banks, metal stocks
Closing Bell: Indian frontline indices ended flat on Wednesday though with a negative bias. This was the second successive loss for S&P BSE Sensex and NSE Nifty50, this week
Closing Bell: Indian frontline indices ended flat on Wednesday though with a negative bias. This was the second successive loss for S&P BSE Sensex and NSE Nifty50, this week. While the former ended at 60,105.50, down 10 points or 0.02 per cent, the broader market Nifty50 closed the day 17,895.70, lower by 18.45 points or 0.10 per cent. Banking gauge Nifty Bank ended in the green at 42,232.70 with nearly 220 points 0r 0.52 per cent lead.
Source: NSE
In the 50-stock Nifty50, 18 stocks advanced with Hindalco Industries, BPCL, Sun Pharmaceuticals, UltraTech Cement Company and HDFC Bank while the top losers were Bharti Airtel, Cipla, Divi's Laboratories, Apollo Hospitals and Hindustan Unilever (HUL).
Out of 15 Nifty sectoral indices, 7 declined with Nifty FMCG ending up as a worst performer. It was followed by, Nifty Healthcare Index and Nifty Auto. The top performers for today were Nifty Metal, Nifty Bank and Nifty Financial Services. However, PSU bank stock witnessed drubbing at the hands of the investors.
In the broader markets, selling pressure was seen in most stocks. Nifty Mid Cap 100 and Nifty Small Cap 100 were finished with losses.
Rupee gains 17 paise to close at 81.57 (provisional) against US dollar, PTI reported.
"The Rupee opened flat and USD was continuously sold on all uptics as Foreign Investors sold USD on all uptics to the dollar," Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors LLP said.
"It was well supported around 81.60 levels as a major bank and defence was buying USD but the same got sold of as FPI flows and fixing saw good selling once it approached 81.80 which was the high for the day. Later 81.60 was broken and rupee made a high of 81.51," Bhansali said. "81.40 is next support breach of which could take it down to 80.50 which is a major support," he further said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
80% return in one year: Brokerage suggests buying this Maharatna PSU stock for 2-3 days, check target
Tata Motors Dividend 2024: Automaker's board recommend 300% dividend - Check payment date and other details
5 investment schemes that provide monthly pension to senior citizens fixed deposit fds savings scss guaranteed return atal pension yojana post office monthly income swps mutual fund
Akshaya Tritiya bank holiday or not Basava Jayanti 2024 festival date Banks closed or open tomorrow may 10 friday check out state-wise full list
04:05 PM IST