Sensex, Nifty End Flat Amid Volatility; NTPC, SBI & Tata Consumer Top Losers
Indian share markets witnessed volatile trading activity today and ended on a flat note.
Benchmark indices erased early gains and tumbled 1% intraday amid negative global cues.
Escalating US-China tensions over Taiwan, demand weakening under inflation pressures, while the looming possibility of a recession curbed risk appetite, which led to the negative market sentiments.
At the closing bell, the BSE Sensex stood lower by 51 points.
Meanwhile, the NSE Nifty closed lower by 6 points.
Cipla, Nestle India, and Sun Pharma were among the top gainers today.
NTPC, Tata Consumer, and Coal India on the other hand, were among the top losers today.
M&M share price touched its all-time recently as the company received superb response to its new vehicle launch.
The SGX Nifty was trading at 17,326, down by 67 points, at the time of writing.
The broader markets ended on a positive note. The BSE MidCap index climbed 0.5% and the BSE SmallCap index ended lower by 0.3%.
Sectoral indices ended on a mixed note with stocks in the realty sector, telecom sector and banking sector witnessing selling.
Healthcare and IT stocks, on the other hand, ended in green.
Shares of Navneet Education, Deepak Fertilisers, and Varun Beverages hit their 52-week highs today.
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Reliance, Tata Consumer, and Infosys were amongst the most active shares on the BSE today.
If you're interested in knowing which shares to trade, read our guide on the best intraday stocks for today.
Asian share markets ended higher. The Nikkei ended up by 0.6%, while the Hang Seng inched higher by 2%. The Shanghai Composite ended 0.8% higher.
The rupee is trading at 79.30 against the US$.
A sharp appreciation was seen in the rupee against the US dollar today.
Gold future of MCX were down by 0.4% or Rs 224 at Rs 51,402 per ten grams.
Meanwhile, silver prices for the latest contract on MCX are trading down by 0.7% at Rs 57,987 per 1 kg.
Of late, gold price is falling while silver isn't far behind. Silver price is also falling as industrial demand for silver is under pressure while a stronger US dollar is adding to worries.
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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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