Stock Market Ends Flat: Sensex Rises 15 Points, Nifty At 19675. Realty Gains, IT Drags

Stock Market Ends Flat: Sensex Rises 15 Points, Nifty At 19675. Realty Gains, IT Drags


The two key equity benchmarks, Sensex and Nifty, on Monday closed flat amid volatility as the indices entered the week of the monthly F&O expiry. The S&P BSE Sensex oscillated 462 points during intraday and ended 15 points higher at 66,024. On the other hand, the Nifty50, settled unchanged at 19,676.

On the 30-share Sensex platform, Bajaj twins, Kotak Bank, Asian Paints, UltraCemco, ICICI Bank were among the gainers. On the downside, Infosys, M&M, Wipro, TCS, SBI, Sun Pharma emerged losers.

In the broader markets, the BSE Midcap index gained 0.46 per cent, while the BSE Smallcap closed flat.

Sectorally, realty index rose 1.5 per cent and bank index up 0.3 per cent, while Information Technology index down 0.7 per cent and capital goods index down 0.3 per cent.

In the previous session on Friday, the BSE Sensex was down 221 points at 66,009.15, while the NSE Nifty50 declined 68.10 points to 19,674.25.

Vinod Nair, Head of Research at Geojit Financial Services, said, “The day presented a mixed picture in the market, with sectors such as realty, banking, and consumer durables performing well while IT and pharma struggling. Investors were actively repositioning, shifting away from stocks tied to the global economy and focusing on the domestic economy.” 

In Asian markets, Seoul, Shanghai, and Hong Kong ended in the negative territory while Tokyo settled in the green. European markets were trading lower. The US markets ended in negative territory on Friday.

Global oil benchmark Brent crude climbed 0.39 per cent to $93.63 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,326.74 crore on Friday, according to exchange data. FIIs have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September.

Meanwhile, the rupee declined by 20 paise to settle at 83.14 (provisional) against the US dollar on Monday due to rising crude oil prices and a strong American currency against major rivals overseas. Subdued equity markets and withdrawal of foreign funds also weighed on the domestic currency, forex traders said.

At the interbank foreign exchange market, the local unit opened weak at 83.04 and traded between a high of 83.04 and a low of 83.15 against the greenback. It finally settled at 83.14 (provisional) against the dollar, registering a fall of 20 paise from the previous close. On Friday, the rupee climbed 19 paise to close at 82.94 against the US dollar.


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