Sensex, Nifty End Rangebound Session With Losses
Markets At Close
- Benchmark indices end rangebound session with losses
- Nifty ends 0.33% lower at 9,881
- Sensex ends 0.3% lower at 33,507
- Nifty Bank ends 0.5% lower at 20,201
- Nifty Midcap Index ends 0.1% higher
- Nifty Smallcap Index ends 0.5% higher
- India Volatility Index ends 0.5% higher at 33.47
- Nifty Media (up 1.7%) and Nifty Auto (up 0.8%) among top sectoral gainers
- Nifty Metal (down 0.8%) and Nifty FMCG (down 0.5%) among sectoral laggards
- Maruti Suzuki ends as the top Nifty gainer; up 4%
- Bharti Infratel ends as the top Nifty laggard; down 4.5%
- 988 stocks on the NSE end with gains while 819 end with losses
Keeping A Lid On Potential Nifty Gains
Closing Bell: A Subdued Close
Indian equity markets ended a largely rangebound session with a negative bias, owing to mixed cues from the rest of the global equities.
The S&P BSE Sensex traded in a 600 point range through the session and ended 0.3% lower at 33,507.
The NSE Nifty 50 traded in a 170 point range during the session, ending below the 9,900 mark at 9,881, down 0.33%.
Both Sensex and Nifty have alternated between gains and losses in the last 10 trading sessions.
Most sectoral indices remained flat throughout the session. The Nifty Media Index (up 1.73%) and the Nifty Realty Index (up 1.3%) were the top gainers while Nifty Metal (down 0.8%), Nifty PSU Bank (down 0.4%) along with Nifty Bank and Nifty FMCG (down 0.5% each) were the laggards.
Market breadth remained in favour of the advances. 988 stocks on the NSE traded with gains while 819 traded with losses.
Stock Reaction: Bharti Airtel
The telecom operator has acquired a strategic stake in an Edtech startup Lattu Media, as part of the Airtel Startup Accelerator program, the company said in an exchange filing.
The investment will enable the company to add Edtech to its premium digital content portfolio and give distribution scale to learning material from Lattu Kids.
Shares are trading near the highest point of the day, up 3.65% at Rs 564.85.
Stock Update: LT Foods
- Trades at the highest level since March 2019
- Gains as much as 18.4% to Rs 40.8
- Biggest single-day gain since August 2019
- Snaps two-day losing streak
- Has gained 54% in the last 13 trading sessions
- Today's volumes are 3.9 times higher than its 30-day average
- Stock in overbought territory with Relative Strength Index (RSI) at 77
- Has tripled from its 52-week low of Rs 13 on March 13, 2020
- All three analysts tracking the stock have a buy recommendation