Sensex, Nifty End Little Changed As Financial Drag
The Bombay Stock Exchange (BSE), right, stands on Dalal Street in Mumbai, India. (Photographer: Vivek Prakash/Bloomberg)

Sensex, Nifty End Little Changed As Financial Drag

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Markets At Close

  • Benchmark indices give up gains; end marginally lower
  • Nifty ends 0.1 percent lower at 9,239
  • Sensex ends 0.3 percent lower at 31,561
  • Nifty Bank ends 2.1 percent lower at 18,950
  • Nifty Midcap Index ends 0.6 percent higher
  • Nifty Smallcap Index ends 0.1 percent lower
  • India Volatility Index ends 0.8 percent lower at 38.08
  • Nifty FMCG, Nifty Pharma and Nifty PSU Banks were the other sectoral laggards; ending 0.5-1 percent lower
  • Nifty I.T., Nifty Media and Nifty Metal ended with gains between 1.3-2.7 percent
  • Hero MotoCorp ends as the top Nifty gainer; up 6.1 percent
  • ICICI Bank ends as the top Nifty laggard; down 4.6 percent
  • 888 stocks on the NSE end with gains while 915 post losses

Index Losers & The Sectoral Picture

Closing Bell: Pressure At Higher Levels

Indian equity markets failed to sustain gains to begin the new trading week on a sombre note. European markets turned negative after opening with gains as did futures on the Dow Jones which now trade lower by 100 points.

The S&P BSE Sensex fell 800 points from the day's high of 32,301 to end at 31,561, down 0.2 percent. The NSE Nifty 50 index too fell over 220 points from its peak of 9,439 to end little changed at 9,239. 30 out of the 50 index constituents ended the day with gains.

Among sectoral indices, the Nifty Bank was the underperformer, ending 2 percent lower. The index also fell over 800 points from the day's high of 19,733.

Nifty Auto was the top performing sector, ending with gains of 4 percent. Nifty I.T., Media and Metal indices were the other gainers.

888 stocks on the NSE ended with gains while 915 ended with losses.

Nifty Pharma Gives Up Gains; Turns Negative

Sensex, Nifty End Little Changed As Financial Drag

Stock Reaction: Bharat Dynamics

The company has informed the exchanges that the Department of Investment and Public Asset Management (DIPAM) of the Ministry of Finance has appointed Yes Securities, Elara Capital and IDBI Capital as merchant bankers and selling brokers for divesting its stake.

The government intends to divest 15 percent of its 87.75 percent shareholding in the company through the Offer for Sale (OFS) route. It has also appointed L&L Partners as legal advisers for the same.

Shares recovered from the day's low to gain as much as 6.6 percent to Rs 232.75 on the National Stock Exchange.

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