Stock Market Today: Nifty, Sensex End Little Change After Subdued Session; TCS, RIL Shares Lead
Intraday, the Nifty 50 rose 0.40% to 24,638.80, and the Sensex rose 0.36% to 80,475.90.
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The NSE Nifty 50 and BSE Sensex ended flat after trading in a narrow range throughout the day.
The Nifty moved in a 154.15 points range, while Sensex moved in 347.6 points range in Monday's session.
Tata Consultancy Servcies Ltd., Reliance Industries Ltd., and Tata Steel Ltd. were top gainers in the Nifty 50 index.
ICICI Bank Ltd., Mahindra & Mahindra Ltd., and Axis Bank Ltd. were top dragger in the Nifty 50 index.
The NSE Nifty Metal index was the lead gainer as Tata Steel Ltd., and Hindalco Industries Ltd. rose.
The NSE Nifty Auto declined the most tracking losses in Mahindra & Mahindra Ltd., and Tata Motors Ltd.
The NSE Nifty Midcap 150 ended 0.25% higher at 21,351.40.
The NSE Nifty Smallcap 250 settled 1.53% higher at 17,637.25.
Nifty, Sensex End With Little Change After Subdued Session; TCS, RIL Shares Lead: Market Wrap
Indian benchmarks settled little change on Monday, while shares of Tata Consultancy Services Ltd., and Reliance Industries Ltd. rose.
The NSE Nifty 50 ended 31.50 points or 0.13% higher at 24,572.65, and the BSE Sensex settled 12.16 points or 0.02% lower at 80,424.68.
Intraday, the Nifty 50 rose 0.40% to 24,638.80, and the Sensex rose 0.36% to 80,475.90.
Today, the benchmark indices witnessed lackluster activity. The Nifty 50 ends 31 points higher while the Sensex was down 12 points. Among Sectors, Metal and Oil and Gas indices outperformed, both the indices rallied over 1.5 percent whereas intraday profit booking were seen in selective Auto stocks, said Shrikant Chouhan, head equity research, Kotak Securities.
On the daily chart, the Index has made a small red candle but the overall uptrend is intact and as per the range breakout, the approximate target comes to 24,870 with the downside being protected at 24,420, said Aditya Gaggar, director, Progressive Shares
Tata Consultancy Services Ltd., Reliance Industries Ltd., Tata Steel Ltd., Hindalco Industries Ltd., and Shriram Finance Ltd. added to the benchmark index.
ICICI Bank Ltd., Mahindra & Mahindra Ltd., Axis Bank Ltd., Bharti Airtel Ltd., and Tata Motors Ltd. weighed on the benchmark index.
On NSE, nine sectors advanced, and three declined out of 12. The NSE Nifty Metal rose the most, and the NSE Nifty Auto declined the most.
Broader indices outperformed. BSE Midcap ended 0.53% higher and BSE Smallcap gained 1.3%.
Three out of 20 sectoral indices on the BSE ended lower and 17 advanced. BSE Auto fell the most and BSE Metal was the top gainer.
Market breadth was skewed in the favour of buyers. As many as 2,702 stocks advanced, 1,321 fell, and 136 remained unchanged on the BSE.
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