Stock Market: Sensex, Nifty Trade Flat Amid Volatility. Metal Index Gains, FMCG Drags

Stock Market: Sensex, Nifty Trade Flat Amid Volatility. Metal Index Gains, FMCG Drags

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The two key equity benchmarks, Sensex and Nifty, on Monday opened flat in early trade despite strong sentiment in global markets. The S&P BSE Sensex fell over 100 points, while the Nifty50 went below 19,650 levels. However, the two indices pared their losses gradually amid volatility.

At 9.35 am, the BSE Sensex was marginally up by 18 points to 66,178. On the other hand, the NSE Nifty was trading at 19,648, up by 2 points.

On the 30-share Sensex platform, NTPC, PowerGrid, Tata Steel, JSW Steel, Tata Motors, TCS were trading in the green during early trade. On the downside, Asia Paints, Bajaj Finance, Airtel, ITC, Kotak Bank, Sun Pharma emerged losers. Among individual stocks, shares of Piramal Enterprises tumbled 5 per cent on 94 per cent year-on-year (YoY) decline in net profit in the June quarter.

In the broader markets, Nifty Midcap 100 and Nifty Smallcap 100 indices gained up to 0.5 per cent.

Sectorwise, metal and power rose 1 per cent each, while FMCG index was down 0.5 per cent.

In the previous session on Friday, the S&P BSE Sensex settled at 66,160, down 107 points, while the NSE Nifty50 closed with a minor loss of 14 points at 19,646.

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