Sensex, Nifty End With Gains; HDFC Twins Top Laggards
Closing Bell: A Subdued Close
Indian equity markets failed to hold on to opening gains, ending significantly off the day's high. Private financials were the biggest laggards in today's session.
The S&P BSE Sensex ended 0.27% higher at 36,693 while the NSE Nifty 50 index ended at 10,815, up 0.44%. Both benchmark indices fell 330 and 80 points respectively from the highest point of the day.
Banks underperformed in today's trade with the Nifty Bank and the PSU bank index ending 1.3% and 1.6% lower respectively. Realty stocks were the other laggards with the index ending 1.% lower.
The outperformers in today's trade were I.T., FMCG and Metal stocks. The I.T. index ended 1.7% higher while the FMCG and Metal index gained 1.3% and 1.5% respectively.
HDFC twins ended the session off their respective lows but ended 2% lower and contributed the most in terms of points to the Nifty downside.
Broader markets remained flat in today's session. The midcap index ended 0.2% lower while the smallcap index ended little changed.
Market breadth remained in favour of the laggards. 1,079 stocks on the NSE ended with losses while 777 ended with gains.