Sensex Ends Flat, Nifty Ends Below At 14,700; Axis Bank And Power Grid Among Top Losers

Indian share markets witnessed volatile trading activity throughout the day today and ended with mixed sentiments.

Benchmark indices ended the day on a flat note after they witnessed some selling during closing hours amid rising coronavirus cases in the country and mixed global cues.

At the closing bell, the BSE Sensex stood up by 42 points (up 0.1%).

Meanwhile, the NSE Nifty ended up by 45 points (up 0.3%).

Adani Ports and Tata Consumer Products were among the top gainers.

Grasim and Power Grid Corp were among the top losers today.

Maruti Suzuki and SBI cards were among the top buzzing stocks today.

SGX Nifty was trading at 14,760, up by 38 points, at the time of writing.

The BSE Mid cap index and the BSE Small cap index ended up by 1% and 0.8%, respectively.

On the sectoral front, healthcare stocks and FMCG stocks witnessed most of the buying interest.

Asian share markets ended on a mixed note today. The Shanghai Composite ended flat, while the Hang Seng ended higher by 1.9%.

US stock futures are trading positive today with the Dow Jones Futures trading up by 222 points.

The rupee is trading at 73.42 against the US$.

Gold prices for the latest contract on MCX are trading up 0.4% today at Rs 45,547 per 10 grams.

Speaking of the current stock market scenario, note that the Nifty witnessed a huge fall yesterday.

After the recent volatility in the market, the fears of a correction have only grown and those who were bullish a few days ago are turning bearish.

But is this the right way to think about trading? How should you react to this?

Moving on to stock-specific news...

Adani group has surpassed US$ 100 billion in market capitalization to become India's third-largest conglomerate.

On Tuesday, 6th April 2021, 4 out of six Adani group listed companies hit their 52-week highs.

According to BSE data, the total market capitalization of the six listed Adani group companies adds up to US$ 104 billion.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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