Sensex, Nifty end flat after listless trade; auto stocks rally, banks fall

CLOSING BELL: Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent

CLOSING BELL

Stock market highlights: Domestic benchmark indices remained listless on Friday as record high levels in indices triggered minor profit booking. The S&P BSE Sensex, which hit a new lifetime high of 62,448 earlier today, ended at 62,294, up 21 points or 0.03 per cent. The NSE Nifty50, meanwhile, ended at 18,513, up 29 points or 0.15 per cent. The index claimed new 52-week high of 18,535. 

Reliance Industries, Wipro, IndusInd Bank, Axis Bank, Tech M, Tata Steel, Maruti Suzuki, and M&M were the top Sensex gainers, rising between 0.5 per cent and 1.2 per cent. HDFC Life, Tata Motors, Divis Labs, Hero MotoCorp, Coal India, Eocher Motors, and BPCL were the additional gainers on the Nifty50 index. 

On the downside, Nestle India, ICICI Bank, Kotak Bank, Titan, HDFC Bank, HUL, and Bajaj Finance were the top laggards, down up to 1.4 per cent. Sectorally, the Nifty Realty index added 1.2 per cent, while the Nifty FMCG index fell 0.3 per cent. 

In the broader market, the BSE MidCap and SmallCap indices rallied 0.77 per cent, and 0.67 per cent, respectively. 

Investment strategy

Analysts are betting on bank, and IT sectors as markets hit record highs. Metals, state-owned oil marketing companies, and export/global economy-linked sectors, meanwhile, may not see any meaningful rally. READ MORE

4:14 PM

COMMENT:: Lack of fundamental triggers may limit the upside

"After clocking record highs in the previous session, domestic indices traded with volatility amidst mixed global cues and rising crude prices. While FIIs turning net buyers is a positive, the lack of fundamental triggers will limit the upside, keeping the market volatile in the short term. Rising COVID restrictions in China continue to negatively impact the global growth forecast."

 

- Vinod Nair, Head of Research at Geojit Financial Services

 

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4:06 PM

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4:01 PM

Nureca hits 20-month low, tanks 74% so far in 2022

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3:50 PM

Rupee ends nearly unmoved at 81.6862 versus $

Source: Bloomberg

3:48 PM

Market breadth extremely positive; 143 stocks hit new 52-week high on BSE

3:46 PM

Nifty Realty spurts over 1%; Indiabulls RealEstate, Oberoi Realty lead

3:44 PM

Nifty Media vaults 2.5%; Dish TV, Network 18, TV18 Broadcast soar

3:42 PM

Broader markets outrun Nifty 50; India VIX down 1%

3:40 PM

Nifty 50 Losers:: ICICI Bank, Nestle among notable losers

3:39 PM

Nifty 50 Gainers:: HDFC Life and Tata Motors were the major movers

3:37 PM

Sensex 30 Heatmap:: 14 Gainers versus 16 Losers

3:35 PM

NSE Nifty50 adds 29 points to 18,513