Stocks

Sensex, Nifty trade in green amid volatility

Our Bureau. Mumbai | Updated on September 07, 2021

Axis Bank was the top loser, followed by Sun Pharma, Infosys, ICICI Bank, SBI, and Kotak Bank.

Benchmark indices were trading in the green during the afternoon on Tuesday amid volatility.

The market opened on a flat note amid mixed global cues and remained volatile during the first half, recording fresh highs. Indices were dragged by profit-booking in IT, bank stocks and metals while heavyweights such as HDFC sustained gains.

At 1 pm, the BSE Sensex was ruling at 58,484.24, up 187.33 points or 0.32 per cent. It recorded a fresh high of 58,553.07 and a low of 58,005.07.

The Nifty 50 was trading at 17,416.60, up 38.80 points or 0.22 per cent. It recorded a new high of 17,436.50 and a low of 17,287.00.

Bharti Airtel, HDFC, ITC, IndusInd Bank and Bajaj Finserv were the top gainers on the Nifty 50 while Wipro, SBI Life, Infosys, Axis Bank and Hindalco were the top laggards.

Gaurav Garg, Head of Research CapitalVia Global Research Ltd said, "Indian benchmark had a cautious start today around the level of 17400. All sectoral indices opened in the green, except for Nifty Bank, which is mostly private lenders."

"Foreign Institutional Investors (FIIs) on Monday sold shares worth ₹589.36 crore in cash and bought ₹547.31 crore in index futures. Which could also be the triggering factor to domestic markets," added Garg.

FMCG, Consumer Durables in focus

 

On the sectoral front, a majority of indices were in the red. While FMCG, consumer durables and financial services gained focus, IT, metals, realty, pharma and bank stock faced pressure.

Nifty FMCG and Nifty Consumer Durables were up 0.56 per cent and 0.85 per cent, respectively. Nifty Financial Services was up 0.37 per cent.

Nifty IT was down 0.68 per cent, while Nifty Realty was down 1.91 per cent. Nifty Metal was down 0.26 per cent while Nifty Pharma was down 0.23 per cent. Nifty Bank was down 0.04 per cent. Nifty PSU Bank was down 0.72 per cent.

Broader indices 

 

As for broader indices, while the Nifty Midcap 50 was up 0.43 per cent, Nifty Smallcap 50 was trading flat. The S&P BSE Midcap was up 0.02 per cent, while the S&P BSE Smallcap was down 0.20 per cent.

The volatility index softened 1.04 per cent to 14.95.

Published on September 07, 2021

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