The Bombay Stock Exchange (BSE) emblem is seen on the BSE constructing in Mumbai. File
| Photo Credit: Reuters
Equity benchmark indices Sensex and Nifty ended almost flat on Tuesday (August 22) as buyers booked earnings amid issues over potential charge hikes in the U.S. and chronic overseas fund outflows.
The BSE gauge eked out a marginal acquire of three.94 factors or 0.01% to settle at 65,220.03. During the day, it climbed 146.82 factors or 0.22% to 65,362.91.
The NSE Nifty inched up 2.85 factors or 0.01% to settle at 19,396.45.
From the Sensex pack, ITC, Mahindra & Mahindra, Wipro, Larsen & Toubro, Axis Bank, Tata Steel, Maruti and Bharti Airtel have been the main gainers.
Jio Financial Services, Bajaj Finserv, State Bank of India, ICICI Bank, Tata Consultancy Services, HDFC Bank, Tech Mahindra and ExtremelyTech Cement have been among the many laggards.
Shares of Jio Financial Services, the demerged monetary companies unit of Reliance Industries, listed on the bourses on Monday.
With the corporate’s itemizing, BSE Sensex and NSE Nifty added Jio Financial Services to their pack. This has been achieved to make sure worth stability and restrict volatility in shares of Reliance Industries as a part of the revised methodology of the exchanges to deal with demergers.
The newly listed entity could be faraway from the indices on the third day of its itemizing.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled in the inexperienced.
European markets have been buying and selling with good points. The U.S. markets ended principally in the constructive territory on Monday.
“Despite the support of positive international markets, Indian equities struggled to maintain their upward momentum due to lingering apprehensions over ongoing global uncertainties. Sectors closely tied to the Western economy, such as IT and pharma, faced challenges, while domestic-oriented sectors, alongside mid and small-caps, exhibited resilience and gained traction.
“The affect of upper bond yields and issues about potential charge hikes in the US is prompting FIIs to withdraw funds from the home market, contributing to the market’s volatility,” stated Vinod Nair, Head of Research at Geojit Financial Services.
Global oil benchmark Brent crude declined 0.18% to $84.31 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities price ₹1,901.10 crore on Monday, in keeping with trade information.
The BSE benchmark had climbed 267.43 factors or 0.41% to settle at 65,216.09 on Monday. The Nifty gained 83.45 factors or 0.43% to end at 19,393.60.
