Market update: Sensex, Nifty in the green with range-bound trade – Auto, metal stocks shine

The Indian market continues to trade in range-bound on Tuesday with positive bias. Sensex is trading flat in the green post registering over 400 points growth, while Nifty fell below 18200-level after reclaiming the important level intraday today.

At around 01:11 pm, the BSE Senses is up 72.71 points or 0.12 per cent to 61039.76, while Nifty50 up 40.45 points or 0.22 per cent to 18165.85 levels intraday today. Similarly, broader markets are outperforming the benchmarks, with both mid and small-cap gaining over 1 per cent each intraday.

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Nifty Bank, on the contrary, has reported weakness almost after three days’ record high rally, amid profit boking and ahead of key banking results today — Kotak Bank and Axis Bank. The index is trading flat with a negative bias, down 10.35 points or 0.03 per cent to 41182.05 levels intraday.

As many as 32 stocks are advancing and 18 are on a declining trend on the Nifty50 index intraday. After two consecutive days of weakness, Tata Motors have turned a top winner, up over 4 per cent, followed by SBI Life up over 3 per cent. Similarly, Nestle India, Kotak Bank, Grasim, and Titan up over 2 per cent.

Other stocks such as Hindalco, Tech Mahindra, UPL, Shree Cement, Tata Consumer, UltraTech Cement, SBI, Tata Steel and Britannia each up between 1-2 per cent intraday today.

On the other hand, banking stocks such as IndusInd Bank declined most by 2.5 per cent, followed by ICICI Bank and Axis Bank each slipped by 1.6 per cent. While Adani Ports, Power Grid, Coal India, HUL, and NTPC each down by around 1 per cent intraday today.

Almost all sectoral indices are in the green, except for Nifty Bank, led by private lenders and the Pharma index. Auto index posts maximum gains of all sectors, up over 1 per cent, followed metal, IT, FMCG, and realty indices aiding most of the market to stay in the green intraday today.