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Sensex & Nifty end flat; Tata Steel surges 7 per cent, ONGC gains more than 5 per cent, Adani Transmission declines

Geyatee Deshpande
/ Categories: Mindshare, DSIJ News
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Sensex & Nifty end flat; Tata Steel surges 7 per cent, ONGC gains more than 5 per cent, Adani Transmission declines

A day after Monday's bearish attack, the domestic markets witnessed high volatility on Tuesday. Sensex closed flat with a positive bias at 49,751.41 levels, up by a mere 0.01 per cent or 7.09 points while Nifty rose by 0.22 per cent or 32.10 points to settle at 14,707.80 levels. 

Today's trading session saw an end to the five-day losing streak of the domestic indices. While the shares of metal and energy stocks rose, the gains were capped by the underperforming banking & financial stocks. 

In the global markets, Asian indices such as Shanghai Composite index and KOSPI declined by 0.17 per cent and 0.31 per cent, respectively while Hong Kong's Hang Seng index and Japan's Nikkei index gained 1.03 per cent and 0.46 per cent, respectively. In the European markets, FTSE 100, DAX, and CAC 40 were trading in red, down by 0.73 per cent, 1.69 per cent, and 0.62 per cent, respectively. 

Amid volatile trading in the domestic equity markets, the Indian rupee ended with marginal gains at 72.46 per dollar. 

Sensex gainers were made up of ONGC that jumped 5.55 per cent, IndusInd Bank climbed 2.65 per cent, Larsen & Toubro surged 2.35 per cent, UltraTech Cement increased by 1.68 per cent, SBI gained 1.57 per cent, NTPC rose by 1.52 per cent, Titan Company inched higher by 1.41 per cent, Sun Pharmaceutical Industries went up by 1.39 per cent, etc. 

Sensex losers included Kotak Mahindra Bank that plunged 3.87 per cent, Maruti Suzuki fell by 1.66 per cent, Bajaj Auto slumped 1.36 per cent, HDFC Bank inched lower by 1.26 per cent, HCL Technologies declined by 1.02 per cent, HDFC went down by 1 per cent, etc. 

Amongst sectoral indices on BSE, the Metal index was the biggest gainer, up by 3.71 per cent while Bankex was the biggest loser, declining by 0.54 per cent. Meanwhile, BSE IT index inched higher by 0.20 per cent while BSE Auto index rose by 0.71 per cent. BSE Healthcare index closed in green, up by a mere 0.17 per cent.  

In the broader markets, BSE Mid-Cap index outperformed, gaining by 0.98 per cent while BSE Small-Cap index rose by 0.74 per cent. 

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