Stock Market Today: Nifty, Sensex Close Flat As HDFC Bank, RIL Weigh But Infosys, M&M Gain
Stay tuned for all the latest updates on the Indian share market. The Nifty ended 0.05% or 13 points lower at 25796.90 and Sensex closed 0.04% or 33.49 points down at 84266.29.
KEY HIGHLIGHTS
US Market Update: Futures Trade Flat
December future contracts of US indices were flat at open. Dow Jones futures contract were trading 0.3% lower at 42,499.00 as of 3:50 p.m., S&P 500 futures contract was down 0.1% at 5,809.00, and Nasdaq 100's contract was up 0.1% at 20,283.75. Investors will now look for September’s nonfarm payrolls report to be released on Friday.
Economic Data To Be Released On Later Tuesday, Wednesday
US: Johnson Redbook retail sales index for the week ended Sep 28
US: Manufacturing PMI for September
US: Sept. ISM report on business manufacturing PMI
US: Aug. construction spending data
US: Aug. job openings and labor turnover survey
US: Sept. global manufacturing PMI
US: Sept domestic auto industry sales
Japan: Sep consumer confidence survey
EU: Aug unemployment rate
US: EIA weekly petroleum status report
Nifty, Sensex Close Flat As HDFC Bank, RIL Weigh But Infosys, M&M Gain: Closing Bell
Benchmark equity indices extended fall to a third session as shares of heavyweights Reliance Industries and HDFC Bank weighed on them. The Indian stock market will remain close Wednesday on account of Gandhi Jayanti.
The Nifty ended 0.05% or 13 points lower at 25796.90 and Sensex closed 0.04% or 33.49 points down at 84266.29.
Intraday, the Nifty both the Nifty and Sensex fell around 0.2% to hit their respective lows of 25,739.20 points and 84,098.94 points.
For Nifty, Aditya Gaggar, director of Progressive Shares said "A convincing move above today's high of 25,910 will confirm the divergence and in that scenario, the momentum may extend to 26,000; while on the flip side, a break below 25,750 will drag the Index lower to 25,575."
Shares of Reliance Industries Ltd., HDFC Bank Ltd., Larsen & Toubro Ltd., Hindustan Unilever Ltd., and Bharti Airtel Ltd. weighed on the Nifty. While those of Infosys Ltd., Mahindra & Mahindra Ltd., Kotak Mahindra Bank Ltd., Tech Mahindra Ltd., and State Bank Of India capped the downside.
Sectoral indices were mixed at close. Nifty Media and Nifty IT rose the most.
Market breadth was skewed in favour buyers. Around 2,308 stocks rose, 1,655 stocks declined, and 91 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.27% and 0.56% higher, respectively.
On BSE, 12 sectors advanced, eight declined out of 20. The BSE IT rose the most, and the BSE Oil and Gas declined the most.
Rupee Weakens Against US Dollar
Rupee weakened by 2 paise to close at 83.82 against the US dollar after it closed at 83.80 on Monday.
Source: Bloomberg
Markets At Close
Nifty and Sensex ended lower in the third consecutive session
Nifty ends 0.05% or 13 points lower at 25796.90
Sensex ends 0.04% or 33.49 points down at 84266.29
Markets will remain close on Wednesday on account of Gandhi Jayanti
Broader indices outperformed; Nifty Midcap 100 ended 0.34% up and Nifty Smallcap 250 closed 0.66% higher.
Sectoral indices were mixed at close; Nifty Media rose the most
Tech Mahindra and M&M were top Nifty gainers
IndusInd Bank and ONGC fell the most
