Sensex, Nifty end flat amid volatility; Stocks to buy today
Sensex, Nifty end flat amid volatility; Stocks to buy today

Benchmark indices increased for a sixth straight day, despite volatility, as gains in Kotak Bank, State Bank of India (SBI), Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance offset losses in HDFC, Bank HDFC Finance, ICICI Bank, Infosys, L&T, and Bharti Airtel.

The Nifty was up 5.50 points or 0.03 percent at 17,345.50 at close, and the Sensex was up 20.86 points or 0.04 percent at 58,136.36. 1829 of the shares are up, 1460 are down, and 122 are remaining steady.

Among the top Nifty gainers were IndusInd Bank, Asian Paints, NTPC, Maruti Suzuki, and Power Grid Corp. UPL, Hero MotoCorp, SBI Life Insurance, Britannia Industries, and Tech Mahindra were among the losers.On a sectoral level, the PSU Bank and Power indices both increased by 2%, while the Realty Index decreased by 1.7 %.

The BSE Sensex rallied 583 points from the lows to reach a high of 58,328 during the day, after hovering around 250 points lower for the majority of the day. Ultimately, the 30-pack index rose 21 points or 0.04 percent to close at 58,136. In contrast, the Nifty50 rebounded from its low point of 17,216 to finish at 17,345, up 5 points or 0.03 percent.

The BSE MidCap and SmallCap indices saw gains of up to 0.5% in the overall market. In terms of sectors, the Nifty PSU Bank index increased 2.7% while the Nifty Realty index decreased 1.7%.

As foreign portfolio investors return their attention to Indian equities after a break of about nine months, analysts predicted that the banking, information technology, capital goods, and automotive sectors may be on their radar. While the majority of analysts think that FII/FPI selling, and consequently equities markets, may have peaked, they do caution against sporadic selling based on macroeconomic and geopolitical developments and how policymakers respond to them.

Indian auto industry posts robust growth in July

Cryptocurrency market saw a sharp decline on Tuesday,

RBI's FI-index Up; growth across all segments


Join NewsTrack Whatsapp group
Related News