Domestic equity benchmark indices ended marginally higher on Monday in a day marked with sharp volatility.

The Sensex dropped nearly 300 points in early trade in line with the tepid cues from global equities. The index after witnessing some volatile moves recouped its losses towards the closing session.

While IT, Metal and FMCG achieved marginal gains, others such as Auto, Banking, Oil& Gas and Energy sectors met with mild losses.

The Sensex ended higher by 60.05 points, or 0.16%, to 38,417.23. It ended previously at 38,357.18.

Similarly, the NSE Nifty too ended higher by 21.20 points or 0.19 per cent at 11,355.05.

TCS was the top gainer in the Sensex pack, gaining 2 per cent, followed by Hindustan UniLever, ITC, Asian Paint, HCL Tech, HDFC, Nestle, Axis Bank and Reliance Ind.

On the other hand, M&M, Bajaj Finance, NTPC, ONGC, UltraCemco, Bharti Airtel  were among the losers.

Interestingly, while the Sensex ended in the green, the market breadth was negative as a whole on the BSE. Out the 2,907 shares traded  today, the declining scrips were higher at 1,496, and the number of  advancing shares was comparatively lesser at 1,218. However, scrips that remained unchanged were at 193.

Exchange data showed that foreign institutional investors sold equities  worth Rs 1,888.78 crore on a net basis on Friday.

Domestic equities turned cautious tracking mixed cues from global equities. Markets are facing headwinds from both domestic and global front and  indications are pointing towards further slide ahead, traders said.

 

 

comment COMMENT NOW