Stock Market Today: Sensex, Nifty Retreat From Record To End With Marginal Gains As Airtel Drag

• Rupee weakened 1 paise to a record low of 83.73 against the US dollar.

• The local currency hit an intraday low of 83.74.

• It closed at 83.72 on Friday.

Source: Bloomberg

Benchmarks erased most gains to end Monday's the volatile session with marginal gains As Bharti Airtel Ltd., and HDFC Bank Ltd. dragged.

The NSE Nifty 50 ended 1.25 points or 0.01% higher at 24,836.10, and the S&P BSE Sensex settled 23.12 points or 0.03% higher at 81,355.84.

In early trade, the Nifty 50 rose 0.66% to a fresh high of 24,999.75, and the Sensex rose 0.71% to a record high of 81,908.43.

"Banking counters set the stage for the Index to surpass the psychological barrier of 25,000 but a hidden bearish divergence in the RSI pulled Bank Nifty lower which put pressure on the Index to trade lower to end the day at 24,836.10 with a minuscule gain of 1.25 points," said Aditya Gaggar, Director, Progressive Shares.

On the daily chart, the Nifty 50 index has formed a small red candle with a probable bearish divergence in RSI indicating a temporary pause in its journey towards the north. A level of 25,000 will continue to act as an immediate resistance, Gaggar said.

Larsen & Toubro Ltd., Reliance Industries Ltd., Mahindra & Mahindra Ltd., State Bank of India, and UltraTech Cement Ltd. added to the benchmark index.

HDFC Bank Ltd., Bharti Airtel Ltd., ITC Ltd., Kotak Mahindra Bank Ltd., and Titan Co. weighed on the index.

On NSE, nine sectors ended higher, two ended flat, and one remained flat out of 12. The NSE Nifty PSU Bank rose the most, and the NSE Nifty IT declined the most. The Nifty IT, Nifty FMCG, Nifty Pharma, Nifty Oil & Gas, Nifty Energy rose to life highs.

Broader markets outperformed benchmark indices. The S&P BSE Mdicap and Smallcap indices ended 0.80% and 1.17% higher, respectively.

On BSE, 14 sectors ended higher, and six declined out of 20. The S&P BSE Capital Goods was the best performing sector. Meanwhile, the S&P BSE TECK declined the most.

Market breadth was skewed in favour of buyers. Around 2,355 stocks advanced, 1,702 stocks declined, and 141 stocks remained unchanged on BSE.

• Net profit rose 42% at Rs 53 crore vs Rs 37 crore

• Revenue rose 38.6% at 889 crore vs Rs 641 crore

• Ebitda rose 34.5% at Rs 85 crore vs Rs 63 crore

• Margin at 9.6% vs 9.9%

• Net profit fell 25.1% at Rs 63 crore vs Rs 84 crore

• Revenue fell 6.5% at Rs 173 crore vs Rs 185 crore

• Ebitda fell 22% at Rs 91 crore vs Rs 117 crore

• Margin at 52.9% vs 63.4%

• Net profit fell 69.3% at Rs 225 crore vs Rs 734 crore

• Revenue fell 1.1% at Rs 2,133 crore vs Rs 2,157 crore

• Ebitda fell 0.7% at Rs 329 crore vs Rs 332 crore

• Margin flat at 15.4%