The Indian benchmark indices have closed Tuesday nearly flat amidst high volatility seen in the markets. The indices closing lower today meant that they closed in the red for the third consecutive day. The financial stocks spearheaded the curtailing of the cues. The rising COVDI-19 infections have weighed in on the markets.
The S&P BSE Sensex closed the day 31.12 points or 0.062% lower. It ended the day at 50,363.96 levels. Fifteen of the thirty stocks that form the Sensex index closed the day in the red while the remaining fifteen advanced. Asian Paints and Dr Reddy’s emerged as the top gainers in the index. Their share price increased by 4.8% and 2.44%, respectively.
Hindustan Unilever, HCL Tech, TCS, ITC, Bharti Airtel and UltraTech Cement closed the day over 1% higher. The other stocks to end the day higher were Maruti, Infosys, ONGC, Titan, Bajaj Finance, Tech Mahindra and PowerGrid. L&T and ICICI Bank were the most significant losers among the Sensex stocks. Their share price was reduced by 1.56% and 1.38%, respectively.
HDFC, Axis Bank, Kotak Bank, Bajaj Finserv, NTPC and Sun Pharma were the other stocks to close over 0.5% lower. The other stocks to close the day in the red were Nestle India, Reliance, IndusInd Bank, Bajaj Auto and Mahindra and Mahindra.
The NSE Nifty 50 closed the day at 14,910.45 points. It closed the day 0.13% or 19.05 points lower on Tuesday. Among the fifty stocks that form the Nifty index, only twenty advanced, twenty-nine declined while the remaining one stock closed the day flat.
Asian Paints, Dr Reddy’s and Hindustan Unilever were the top gainers among the Nifty stocks. Their share price moved ahead by 4.70%, 2.58% and 1.59%, respectively. Cipla, Tata Steel and ICICI Bank emerged as the top losers. Their share price went down by 1.57% and 1.55%, respectively.
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Engineer by qualification, financial writer by choice. I am always open to learning new things.
