Sensex, Nifty End Little Changed; PSU Banks, Metals Hold Gains
- Oldest First
A Volatile Trading Session
Indian equities ended little changed after failing to sustain at higher levels, led by a cool-off in private banks along with FMCG and Auto stocks.
The S&P BSE Sensex ended 35 points higher at 50,441 while the NSE Nifty 50 index ended with gains of 20 points at 14,956. Benchmarks managed to register gains after consecutive days of losses.
Among the sectoral indices, PSU Banks were the outperformers with the index ending with gains of 1.6%. The Nifty Media index ended 1% higher while the Metal index gained 0.8%.
Both Nifty I.T. and the Nifty Pharma index cooled off from their respective day's high to end with gains of close to 0.5%.
The Nifty Realty index was the top sectoral laggard, ending 1% lower, while the FMCG index fell 0.5%.
Broader markets ended with bigger gains as compared to the benchmark indices. The Midcap index rose 0.3% while the Smallcap index ended 0.4% higher.
The India Volatility Index fell 3.5% to end at 24.68.
How Did The Sectoral Indices Fare
Aster DM Healthcare Plans $400 Million Bond Sale
- Looking to issue about $400 million worth of securities in the next three to six months.
- Securities will mature in seven to eight years and will retire and replace existing debt.
- Looking to open at least four hospitals in India over the next four years.
Saregama India: Highest In Over Two Decades
- Top gainer on the BSE Smallcap index
- Locked in an upper circuit of 20% at Rs 1,471.5
- Biggest single-day gain in nine months
- Trading at the highest level since March 2000
- Up for the seventh straight day
- Has gained 41% over the last seven trading sessions
- Today's volumes are 16 times its 20-day average
- Stock in overbought territory with Relative Strength Index (RSI) at 87
Talbros Altumotive Components Wins Orders
- Company along with its JV partners has won multi-year orders worth nearly Rs 304 crore.
- Orders are spread across its domestic and international customers.
- Orders will be implemented over a period of five years and a major chunk of it will be distributed between 2023-2025
- Will be required to undertake a capex of approximately Rs 20 crore, which along with the existing facilities will be sufficient to execute these orders.
- Shares gained as much as 10.4% to Rs 246.7 - the highest since September 2018. The stock is up for the fourth straight day.