Sensex, Nifty End Little Changed; Metals Shine, Banks Drag
Closing Bell: Markets Take A Pause
Indian equity markets chose to take a breather in today's trading session after strong gains over the last two days, that nearly erased all of last week's losses.
The S&P BSE Sensex and the NSE Nifty 50, ended 8 and 5 points lower at 37,973 and 11,222 respectively.
Banks were the major laggards in today's trading session. The Nifty Bank fell 1.2% while the PSU Bank index ended 2.2% lower.
The other underperformers of the day included FMCG stocks, with the index ending 1.5% lower. The Nifty Realty fell 1.2% while the Nifty Pharma index fell 0.7%.
The outperformers of the day were metal stocks. The Nifty Metal index ended with gains of nearly 2%.
Broader markets too had a subdued session. The midcap index ended 0.1% lower while the smallcap index declined 0.3%
India Volatility Index ended 1% higher, near the mark of 20 at 19.77.
1,004 stocks on the National Stock Exchange ended with losses while 817 stocks posted gains.