Stock Market Today: Nifty, Sensex End With Little Change; RIL, NTPC, SBI Weigh

• Rupee closed flat at 83.97 against the US dollar.

• It closed at 83.96 on Friday.

Source: Bloomberg

Indian indices erased some losses to end the Monday on a muted note as Infosys Ltd., and HDFC Bank rose.

The NSE Nifty 50 ended 20.50 points or 0.08% lower at 24,347.00, and the BSE Sensex ended 56.98 points or 0.07% lower at 79,648.92.

Intraday, the Nifty 50 declined 0.64% to 24,212.10, and the BSE Sensex fell 0.60% to 79,226.13.

"Indian markets started the session on a tepid note followed by a steep recovery," said Aditya Gaggar director, Progressive Shares. After a rangebound mid-session, a sudden fall in the last session dragged the Index lower to end the session at 24,347.00 with a loss of 20.50 points. Realty was the top gainer among the sectors followed by Metal; and on the flip side, Media and PSU Banks were the major laggards. Mid and Smallcaps held their recovery gains and outperformed the Frontline Index. A firm close above the 24,450-24,470 zone is a must to resume its uptrend while the lower side seems to be protected at 24,200.

"The current intraday market texture is non-directional hence level based trading would be the ideal strategy for the day traders. For the bulls, 24400/79850 would be immediate breakout zone. Above the same, market could move up to 24500-24550/80100-80400. On the flip side, below 24300/79500 the sentiment could change. Below the same market could retest the level of 24200-24170/79200-79000," Shrikant Chouhan, head, equity research, Kotak Securities.

Infosys Ltd., HDFC Bank Ltd., Axis Bank Ltd., Oil and Natural Gas Corp Ltd., and Hero MotoCorp Ltd. added to the benchmark index.

Reliance Industries Ltd., State Bank of India, NTPC Ltd., Tata Consultancy Services Ltd., and Mahindra & Mahindra Ltd. weighed on the benchmark index.

On NSE, six sectors ended higher, and rest ended lower out of 12. The NSE Nifty Media declined the most, and the NSE Nifty Realty rose the most.

Broader indices were mixed. BSE Midcap ended flat and BSE Smallcap closed 0.6% higher.

Five of the 20 sectoral indices on the BSE closed lower and 15 ended with gains. BSE Realty was the top gainer.

Market breadth was skewed in the favour of sellers. As many as 2,148 stocks fell, 1,925 advanced, and 105 remained unchanged on the BSE.

• The Nifty recovered 132 points, and Sensex regained 422.79 points from day's low at close.

• Infosys Ltd., and HDFC Bank Ltd. were the top leader in the benchmark Nifty 50 index

• NTPC Ltd., and Reliance Industries Ltd. were top dragged in the benchmark index.

• The NSE Nifty Midcap 150 ended 0.27% higher at 21,208.70

• The NSE Nifty Smallcap 250 ended 0.32% higher at 17,392

• The NSE Nifty Media were the worst performing sector

• The NSE Nifty Realty was the best performing sector

• Bajaj Finance Ltd. received GST demand worth Rs 342 crore from Kochi tax authority for 2017-24.

• Show cause notice also proposed equal amount of penalty and interest

Source: Exchange filing

• Net profit fell 5.4% at Rs 70 crore vs Rs 74 crore

• Revenue rose 2.3% at Rs 1,422 crore vs Rs 1,390 crore

• Ebitda rose 1.8% at Rs 167 crore vs Rs 164 crore

• Margin at 11.7% vs 11.8%