BUSINESS

Sensex finishes flat amid volatility in markets

In the midst of market turbulence, Indian equities markets closed flat on Tuesday. Sensex was down 33 points at 76,456 at closing, while Nifty was up 5 points at 23,264.

Small- and mid-cap equities did better than large-cap ones. The Nifty smallcap 100 finished at 17,571, up 96 points, or 0.55 percent, while the Nifty midcap was up 430 points, or 0.81 percent, at 53,666.

Auto, IT, PSU Bank, real estate, and energy were the sector indexes that saw the most gains. Pharma, FMCG, and finance were the three biggest laggards.

Top gainers were M&M, Bajaj Finance, HCL Tech, Power Grid, UltraTech Cement, Tech Mahindra, Tata Steel, L&T, Tata Motors, Maruti Suzuki, NTPC, and UltraTech Cement. The biggest losses were ICICI Bank, Asian Paints, Reliance, ITC, Sun Pharma, and Kotak Mahindra.

“There was no directional move during the day, so Nifty remained sideways,” said Rupak De, Senior Technical Analyst at LKP Securities. Until the sentiment breaks out of the 23,150–23,350 zone, it may stay sideways. Any significant breakthrough on either side might validate the market’s eventual course.”

Above 23,350, on the upper end, it may go in the direction of 23,600. Support below 23,150 is situated between 23,000 and 22,900 in the interim, he said.

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