Indian Indices End On A Flat Note; IT & Auto Stocks Witness Selling

Indian share markets traded range-bound throughout the day and ended their session on a flat note. Sectoral indices ended on a mixed note with stocks in the consumer durable sectoroil & gas sector and realty sector witnessing buying interest while IT stocks and auto stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood lower by 38 points and the NSE Nifty closed down by 14 points. The BSE Mid Cap index ended the day up by 0.5% and the BSE Small Cap index ended up by 0.9%.

Asian stock markets finished on a negative note. As of the most recent closing prices, the Hang Seng was down by 0.4% and the Shanghai Composite was down by 0.5%. The Nikkei 225 was down 0.8%.

The rupee is trading at 71.08 against the US$.

Speaking of Indian stock markets, the recent volatility seen in markets has given the opportunity to load up on quality stocks.

The volatility started with the long-term capital gains tax.

Then corporate governance issues at various companies followed.

Then we had the IL&FS impact.

All this has ensured a rough ride for Indian investors.

Now with Indo-Pak tensions escalating, volatility can rise even further.

With the elections fast approaching, what can investors look forward to now?

Here's what Tanushree Banerjee, Editor, The 5 Minute WrapUp, has to say about this...

  • History of the past few elections paints a rosy picture.

    Despite governments changing hands in 2004 and 2014, the Sensex gave returns of 44% and 13% in a year respectively.

    Even in 2009, when the same government retained power, Sensex was up by 18% in a year.

Good Times Ahead for Indian Stock Markets?

As per Tanushree, the recent volatility throws an opportunity to load up on quality stocks. These stocks will piggyback on India's long-term growth story.

She believes these stocks will rise fast when the tide of the market turns up.

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