Sensex & Nifty slip in red; Graphite India gains 12 per cent, ONGC jumps 5 per cent, Adani Power declines
The domestic markets remained volatile during Tuesday’s trading session as the benchmark indices erased morning gains and tumbled into the negative territory.
Sensex declined by 49.96 points or 0.10 per cent to close at 52,104.17 levels while Nifty ended flat with a negative bias, down by 1.25 points or 0.01 per cent at 15,313.45 levels.
The stocks of private banks, FMCG & IT dragged the markets down while metal stocks continued their upward momentum. In spite of periods of profit booking being witnessed in the markets, investors continued to remain bullish with positive corporate earnings announcements, coupled with string FPI flows.
In the global markets, Asian indices such as Hang Seng, Nikkei and KOSPI rose by 1.90 per cent, 1.28 per cent and 0.52 per cent, respectively. European indices such as FTSE 100 and CAC 40 were trading higher by 0.18 per cent and 0.04 per cent, respectively while DAX traded flat.
Sensex gainers included Power Grid that jumped 6.24 per cent, ONGC zoomed by 5.44 per cent, NTPC surged 2.94 per cent, Kotak Mahindra Bank gained 1.78 per cent, RIL inched higher by 1.33 per cent, Maruti Suzuki went up by 1.25 per cent, UltraTech Cement rose by 0.93 per cent, etc.
Sensex draggers consisted of Axis Bank that plunged 2.42 per cent, ICICI Bank inched lower by 2.30 per cent, Infosys decreased by 1.50 per cent, Nestle India fell by 1.50 per cent, SBI declined by 1.17 per cent, TCS went down by 0.98 per cent, etc.
Amongst sectoral indices on BSE, the Metal index was the biggest gainer, up by 3.08 per cent whereas, the IT index was the biggest loser, which tumbled 0.95 per cent.