FINAL TRADE:Nifty, Sensex end on a steady note; Bajaj Finserv top Nifty gainer
Amid mixed global cues, Indian equities registered a pause and ended flat in Tuesday's session.
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FINAL TRADE (August 27): Indian equities ended Tuesday's session listless even as volatiltiy index saw a drop. At the close, Nifty ended above 25,000 after inching very close to its earlier record high logged on August 1. The Nifty 50 index ended higher by a marginal 0.03 per cent or 7.15 points at 25,017.75, while the BSE 30-stock index Sensex ended 0.02 per cent or 13.65 points at 81,711.76 points. The broader markets, meanwhile, outperformed the headline indices.
Sectorally, the media index buzzed in trade today with gains of Nifty Media ending over 4 per cent higher, followed by financial services and pharma pack. The indices that lost ground during the trade were FMCG, auto, metal and consumer durable indices.
Nifty FMCG index also after notching fresh highs ended with sharp losses of over 1 per cent with some of the stocks like Marico ending over 2 per cent lower.
Vinod Nair, Head of Research, Geojit Financial Services on markets performance today said, "The domestic market witnessed profit-booking near record highs. While the positive expectations regarding a potential rate cut by the Fed in September remain, the recent geopolitical tensions and rising crude oil prices have made investors cautious amid high valuations.
IT and financial stocks continued to perform well, whereas FMCG and metal stocks saw declines. Further, the recent shift in FII stance towards the domestic market and the anticipation that the RBI will align with the Fed’s actions are expected to foster a positive outlook in the near term, added Nair.
Stocks in focus today
After CLSA continued with its outperform call on DMart, the stock ended in the negative at Rs 4,952.
Tata group's Tata Elxsi stock ended in the green with significant gains by over 16 per cent at Rs 8,970.35 after the stock underperformed.
European markets
The pan-European STOXX 600 index (.STOXX), was up 0.3 per cent at 519.51 points.
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Written By: ZeeBiz WebTeam
Updated: Tue, Aug 27, 2024
04:06 PM IST
04:06 PM IST
ZeeBiz WebDesk
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