Stock Market Highlights, Sept 03: Nifty closes nearly flat, Sensex in red; broader markets gain

Stock Market Highlights: The NSE Nifty 50 index has rallied 4.7 per cent or 1,140 points in the last 14 straight trading sessions.

Stock Market HIghlights on Tuesday, September 3, 2024: Benchmark indices BSE Sensex and Nifty 50 ended Tuesday's trading session on a muted note in a day marred by subdued sentiment and a lack of major triggers. 

The markets remained rangebound and in the red for most of the day, as investors awaited the release of US manufacturing data later in the day there, and jobs data scheduled for release on Friday, to decipher how big or small the likley rate cut by the US Federal Reserve would be.

In the domestic market, the BSE Sensex, which traded in the red for most of the day, shed 4.40 points or 0.01 per cent to settle at 82,555, at close. 

However, the Nifty 50 gained 1.15 points to maintain its streak of closing in the green for the 14th straight session. It closed nearly flat at 25,280. 

That apart, 21 out of the 50 stocks in the Nifty 50 ended higher. 

Gains, of up to 1.72 per cent, were led by SBI Life, Bajaj Finserv, ICICI Bank, HDFC Life, and Hero MotoCorp, while Bajaj Finance, ONGC, Infosys, Adani Ports & SEZ, and HCLTech were the top losers, falling up to 1.36 per cent at close. 

Meanwhile, 12 out of the 30 stocks in the BSE Sensex ended in the green. 

Gains were led by ICICI Bank, Bajaj Finserv, Titan, HDFC Bank, and Nestle India, on the 30-stock index, while losses were led by Bajaj Finance, Infosys, Adani Ports & SEZ, JSW Steel, and HCLTech. 

However, the broader market indices defied the trend of the frontline indices and ended the day higher. 

The BSE SmallCap index gained 0.54 per cent, while the BSE MidCap ended 0.19 per cent ahead.

Across sectors, the Consumer Durables index was the top sectoral gainer, followed by Bank and Financial Services, while the Media index was the top laggard, followed by Metal, Realty and Oil & Gas.