The trend among the Nifty sector indices was largely negative, led by the Nifty PSU Bank index, which was down more than 2%.
The benchmark indices ended Tuesday’s volatile session on a flat note with a negative bias.
The S&P BSE Sensex ended at 37,973 levels, down 8 points or 0.02 percent. During the session, the index reached an intraday high and low of 38,236 and 37,831, respectively. ONGC (down 4%) was Sensex’s top laggard, followed by IndusInd Bank, Power Grid and Axis Bank (all down 3%). On the other hand, UltraTech Cement (with an increase of 3 percent), while Tata Consultancy Services (with an increase of more than 2.5 percent) finished as the main winners of the index.
ICICI Bank, ITC, Axis Bank, Hindustan Unilever (HUL) and HCL Tech were the main contributors to the index loss, while RIL and TCS provided much-needed support.
On the NSE, the broader Nifty50 index stood at 11,222, down 5 points or 0.046 percent.
The trend among the Nifty sector indices was largely negative, led by the Nifty PSU Bank index, which was down more than 2%.
In the broader market, the S&P BSE MidCap Index was trading at 14,697, down 0.16%, while the S&P BSE SmallCap closed at 14,861, down 0.01%.
Global Actions
European stocks fell Tuesday as investors awaited the first US presidential debate and watched the progress of a fiscal stimulus package in Washington.
US stocks were expected to open lower, and S&P 500 and Nasdaq futures were giving up earlier gains to fall into negative territory. The MSCI World Equity Index, which tracks stocks in nearly 50 countries, was flat.
Meanwhile, the global death toll from Covid-19 rose to more than 1 million on Tuesday, according to a Reuters tally.
In commodities, oil prices fell, reducing gains from the previous session as lingering concerns about demand due to the coronavirus pandemic outweighed hopes generated by a new US stimulus package that lawmakers are scrambling for. reach an agreement.
(With input from Reuters)
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