Share Market News: Domestic equity benchmarks ended a seesaw-filled day largely unchanged on Tuesday, as losses in energy stocks offset gains in IT stocks while the heavy financial services sector remained unblemished. Both headline indices ended nearly half a point lower after rolling in a wide range near the flatline, with the Sensex shedding 33.5 points to 84,266.3 and the Nifty50 losing 14 points to settle at 25,796.9. In the two days of the holiday-reduced trading week, the main indexes stood about 2.0 percent below the all-time high registered on Friday.
During the session, the Sensex hovered within a range of 549.5 points along a flat line, between 84,098.9 and 84,648.4, while the broader, 50-script gauge traded broadly within the range of 25,700-25,900.
At the close of trade, Tech Mahindra, Mahindra and Mahindra (M&M), Britannia, Infosys, HCTech, SBI, Hero MotoCorp, and Wipro, closed between 0.9 percent and 2.9 more, it was among the top gainers in the Nify50 basket. of shares.
On the flipside, IndusInd Bank, ONGC, Asian Paints, Bajaj Auto, Tata steel, Titan, and HUL, which closed between 1.0 percent and 2.7 percent lower, were it is the most hit among the 29 laggards in the pack.
Among the heavyweights, selling pressure in Reliance, HDFC Life, HUL, and Larsen & Toubro stocks weighed on the indices, though buying interest in stocks like Infosys and M&M provided some support.
The Nifty Bank index – a 12-component index comprising the country’s largest lenders including SBI and HDFC Bank – fell sharply to end at 52,922.6, holding a move of 420 points in the flat zone.
Nifty Metal rose 0.2 percent driven by gains in stocks like NALCO, Hindustan Copper, amid a visible rise in the space.
Midcap and smallcap stocks bucked the bearish market trend, with the broader indices Nifty Midcap 100 and Nifty Smallcap 100 ending 0.3 percent and 0.8 percent higher respectively.
The overall market breadth was in favor of the bulls with a pre-decline ratio of 7:5 as 2,301 stocks rose while 1,663 fell on the BSE.
Domestic financial markets will remain closed on Wednesday for the Mahatma Gandhi Jayanti holiday.
UPDATE: Will the stock market remain closed on October 2 for Gandhi Jayanti? | Bank Holidays in October: From Gandhi Jayanti to Dussehra to Diwali, see the full list of bank holidays this month
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