The Indian share market on Monday settled on a flat note dragged by selling in IT and metal stocks. Midcap and smallcap indices are trading higher each.
At close, the BSE Sensex ended 13.50 points lower, to close at 52,372.69, while the NSE Nifty settled 2.80 points higher at 15,692.60. On the sectoral front, the realty index added 3.5 percent, while selling was seen in the IT, metal, oil & gas and power indices.
At intraday, the Sensex rose as much as 314 points and the Nifty 50 index moved above 15,700. However, selling pressure gripped in heavyweights like Infosys, HDFC Bank, HDFC, Bharti Airtel, Tata Steel and Hindustan Unilever were offset with gains in ICICI Bank, Reliance Industries, UltraTech Cement and Axis Bank.
UltraTech Cement, Grasim Industries, Shree Cements, JSW Steel and SBI Life Insurance were among top gainers on the Nifty. ON the other hand, top losers were Adani Ports, Bharti Airtel, BPCL, Tata Steel and Infosys.
Meanwhile, the Indian rupee erased intraday gains but ended marginally higher at 74.57 per dollar, amid volatile trade selling seen in the domestic equity market. It opened 15 paise higher at 74.48 per dollar against Friday's close of 74.63 and traded in the range of 74.40-74.59.
CII Poll Survey Revelation: Swifter economic recovery likely after second wave of Covid
Govt identifies a list of Customs exemptions for reviews, seeks suggestions from industry bodies