CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

An index of 100 mid-cap stocks has surged 32% year-to-date, while a similar measure of small-cap names has rallied 43%. (Photo: Bloomberg)

Sensex

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			<strong>CLOSING BELL</strong><br />
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			Domestic equity markets closed flat in Tuesday&#39;s trade, despite strong global sentiments, and healthy early Q3 results.<br />
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			Key indices Nifty50 closed flat at 18,118 levels, whereas the S&P BSE Sensex closed at 60,978 levels, up 37-odd&nbsp;points or 0.06 per cent. Throughout the day, the benchmark index the S&P BSE Sensex, however, soared over 300 points to a high of 61,266 and low of&nbsp;60,849, down 92 points, while Nifty50 hit day&#39;s high and low of&nbsp;18,201, and&nbsp;18,078, respectively.<br />
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			Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent. Volatility gauge, India VIX, gained marginally to 0.2 per cent.<br />
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			Sectorally, Nifty Auto index was the best sectoral performer as it gained 1.2 per cent. Nifty PSU Bank and Nifty Realty indices, on the contrary, was the worst sectoral performer as it tanked&nbsp; up to 1.3 per cent.<br />
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			Among individual stocks, <strong>Tata Motors</strong> traded higher for the third straight day as shares surged 4 per cent, amid heavy volumes ahead of Jaguar Land Rover (JLR) third quarter results. <a href="https://www.business-standard.com/article/markets/tata-motors-gains-4-on-heavy-volumes-stock-surges-12-in-one-month-123012400493_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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			Besides, shares of <strong>Axis Bank</strong> slipped 2 per cent, on profit booking, after the bank reported 62 per cent year-on-year (YoY) jump in standalone net profit to Rs 5,853 crore for Q3FY23. <a href="https://www.business-standard.com/article/markets/axis-bank-down-2-on-profit-booking-post-q3-results-123012400275_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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			<strong>GLOBAL CHECK</strong><br />
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			After a solid start to this week, stock futures tied to Wall Street turned negative in Tuesday&#39;s trade. Dow Jones Futures, the S&P 500 Futures, and NASDAQ Futures slipped up to 0.1 per cent.<br />
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			European markets, meanwhile, reflected mixed trends this noon with CAC 40 index and Stoxx 600 hovering in the positive zone.</div>
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Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3%

Business Standard

Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3% | News on Markets - Business Standard

US dollar on back foot as euro nears nine-month peak, yen bounces

The dollar-yen pair declined to as low as 127.215, the weakest since May, in the run-up to the Bank of Japan&#39;s policy review last week amid rising bets for an end to stimulus. <a href="https://www.business-standard.com/article/international/us-dollar-on-back-foot-as-euro-nears-nine-month-peak-yen-bounces-123012400110_1.html?1674534778" target="_blank"><strong>READ MORE</strong></a><br />
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	<img align="" alt="Photo: Reuters" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-09/22/full/1600739960-3821.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Dollar" width="620" /></div>
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MARKET COMMENT: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

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		A significant trend in the global equity market now is the outperformance of the mother market US. Hope of a soft landing for the US economy is increasing and the market is responding to this. The S&amp;P 500 is up by 5.12 percent in January till date. The tech heavy Nasdaq is up by 8.5 percent and this particularly is good news for Indian IT companies, which are likely to do well now. The positive sentiments are favourable for a pre-budget rally, too. The ongoing momentum has the potential to break the 17800-18200 range on the upside. The stellar performance of the banking segment stands out in this Q3 results season. Remain invested in banking stocks, particularly the high quality names, in spite of the run up in prices.</p>
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Tata Communications declines 2% after net profit slipped 7.3% YoY in Q3

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Selan Exploration surges 4% as net profit more-than-double in Q3

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Maruti Suzuki gains ahead of Q3FY23 results

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Poonawalla Fincorp jumps 4% after net profit soared 88% YoY in Q3

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Supreme Petrochem climbs 2% despite weak Q3 results

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Profit-booking in Axis Bank post strong Q3 results, stock slips 1%

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Nifty IT, Nifty PSU Bank indices off to a positive start

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Broader markets upbeat; India VIX slips in red

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Bharti Airtel, Axis Bank, Power Grid top Nifty50 losers

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Tata Motors, Infosys, IndusInd Bank top Nifty50 gainers

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SENSEX HEATMAP: 23 out of 30 index constituents open in green

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OPENING BELL: Nifty50 starts above 18,150 levels, up 50pts

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OPENING BELL: Sensex opens higher by over 200 points

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