The National Stock Exchange – Nifty 50 index recovered from intraday low to shut at flat be aware helped by shopping for curiosity in state-run banking, auto and metallic shares. For most a part of the day, benchmarks traded with a unfavourable bias nonetheless restoration in late Nifty Bank index within the final hour of commerce helped benchmarks recuperate from intraday lows. The Sensex fell as a lot as 484 factors on the day’s lowest stage and Nifty 50 index touched an intraday low of 15,460.
The Nifty 50 index superior 1 level to shut at 15,576 and Sensex slipped 85 factors to shut at 51,849.
Eight of 11 sector gauges compiled by the National Stock Exchange ended greater led by the Nifty PSU Bank index’s almost 3 per cent achieve. Nifty Auto, Metal, and Realty indexes additionally rose between 1.5-2.4 per cent.
On the opposite hand, FMCG and IT shares witnessed promoting strain.
Broader markets outperformed their bigger friends as Nifty Midcap 100 superior over 1.5 per cent to shut at document excessive and Nifty Smallcap 100 index climbed 1.3 per cent.
Shares of the Noida-based auto elements maker – Motherson Sumi Systems – rose as a lot as 11 per cent to hit document excessive of Rs 264.40 on the BSE after it reported Match quarter earnings. Motherson Sumi reported consolidated internet revenue of Rs 714 crore as in opposition to Rs 183 crore in the identical quarter final 12 months that marked a rise of 290 per cent or almost 4 occasions.
ITC was prime Nifty loser, the inventory dropped almost 3 per cent to shut at Rs 209 after its internet revenue declined within the March quarter. ITC reported a internet revenue of Rs 3,748 crore within the quarter ended March 2021 in comparison with a internet revenue of Rs 3,797.08 crore within the corresponding quarter of the earlier fiscal, marking a decline of 1.3 per cent.
Tech Mahindra, Axis Bank, Asian Paints, HDFC, Bharti Airtel, Kotak Mahindra Bank, HCL Technologies, TCS, Infosys, HDFC Bank and Nestle India have been additionally among the many losers.
On the flipside, UPL, Tata Steel, Hindalco, JSW Steel, Reliance Industries, Adani Ports, HDFC Life, IndusInd Bank and SBI Life have been among the many gainers.
The general market breadth was extraordinarily constructive as 2,141 shares ended greater whereas 974 closed decrease on the BSE.
