Stock Market: Sensex, Nifty Trade Flat. ITC Slips Over 2 Per Cent; Metals Lead, FMCG Drags

Stock Market: Sensex, Nifty Trade Flat. ITC Slips Over 2 Per Cent; Metals Lead, FMCG Drags

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The two key equity benchmarks, Sensex and Nifty, on Tuesday opened with mild gains as global markets remained on sidelines ahead of the US Fed’s monetary policy decision this week. The two indices were trading flat as the BSE Sensex fell 23 points to 66,361. On the other hand, the NSE Nifty50 was at 19,669, down 3 points.

On the 30-share Sensex platform, ITC declined 2.33 per cent. The stock has fallen 7 per cent in the past 2 sessions. Asian Paints, TechM, Axis Bank, L&T, Infosys were among the losers. On the upside, JSW, UltraCemco, NTPC, Tata Motors, Tata Steel, M&M were among the gainers. Among stocks, SJVN jumped 7 per cent after the Arunachal Pradesh government allotted five hydro projects of 5,097 MW to the firm.

In the broader markets, the BSE and Midcap and Smallcap indices gained up to 0.6 per cent.

Among sectors, metal index up 1 per cent, while FMCG index down 1 per cent. Buying is also seen in the auto, capital goods, healthcare, oil & gas, power, and realty names.

In the previous session on Monday, the BSE Sensex ended with a loss of 299 points at 66,385, while the NSE Nifty50 eventually settled 73 points lower at 19,672.



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