Sensex and Nifty recover from early losses to end flat
Sensex and Nifty Today: Indian stock markets opened lower on Monday amid negative cues from Wall Street on Friday. Nifty made a negative opening of 53.6 points at 15530.70 levels while Sensex opened negatively at 55610.64 levels, down by 212.52 points on Monday. Indian markets recovered their earlier losses and turned positive in the afternoon session and later closed flat to the negative on the first day of the week.
Stock Market News and Updates
The weak trade continued over Dalal Street in the morning session despite positive cues from other Asian markets. The domestic market sentiments were negative amid reports that with inflation showing no sign of abatement, the Reserve Bank is likely to increase the key interest rate in quick succession in its monetary policy review due this week, a hot for which has already been given by the Governor Shaktikanta Das.
However, the markets recovered in the afternoon session and were trading flat with a positive bias after taking positive cues from Asian and European markets. The domestic markets were trading volatile in a narrow range, once again turned negative just before the closing bell.
On the global front, Asian markets were mostly closed in the green on Monday, even after China’s service sector logged another marked contraction in May due to measures taken to contain the recent uptick in the Covid cases. European markets are trading higher as investors eye a no-confidence vote in UK Prime Minister Borris Johnson on Monday and on positive cues from the Asian markets.
Sensex and Nifty at the close today
The Nifty index declined by 14.75 points or 0.09 percent and closed at 16569.55 levels while Sensex was down by 93.91 points or 0.17 percent and finished at 55675.32 levels. The Bank Nifty index ended slightly higher today by 35.15 points or 0.10 percent on the spot level and ended at 35310.20
The broader markets were closed lower while the Nifty smallcap index underperformed today. The Nifty midcap index declined by 30.70 points or 0.11 percent and closed at 27992.65 levels. The Nifty smallcap index closed lower by 94.35 points or 1.02 percent and finished at a 9115.90 level
Nifty top gainers and losers today
The top gainer in the Nifty50 index was Bajaj Auto, JSW Steel, Cipla, ONGC, and Tata Consumer whereas the top losers were Shree Cement, BPCL, Asian Paints, Ultratech Cement, and Hero Motocorp.
The top gainers in the Nifty midcap index were Oil India, Adani Total Gas, and Tata Elxsi, and the top losers were Varun Beverages, Indiabulls Hsg, and Coforge Ltd.
The smallcap top gainers were Thyrocare Tech, Rain Industries, and EID Parry and the top losers were Amber Enterprise, Future Retail, Birla Corp
The most active stocks in the Nifty index in terms of value were Reliance, Infy, and ICICI Bank The most active stocks in terms of volume were ONGC, Coal India, and NTPC.
On a sectoral front, the Metals, Oil & Gas, Banking, and Auto The sectors that closed in the red were IT, Media, Realty, PSU Bank, and Consumer Durables.
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Editorial desk
