Indian equity indices traded flat on Tuesday, reflecting mixed market sentiment. By 9:51 AM, the Sensex had dipped 76 points or 0.09% to 82,483, while the Nifty fell 17 points or 0.07% to 25,261.
Despite the overall flat trend, the broader market remained positive. On the Bombay Stock Exchange (BSE), 2,039 shares traded in the green, 829 in the red, and 128 remained unchanged.
Midcap and smallcap stocks outperformed largecaps. The Nifty Midcap 100 index rose by 229 points or 0.39% to 59,382, while the Nifty Smallcap 100 index increased by 116 points or 0.60% to 19,359.
Among sectoral indices, Realty, FMCG, metal, PSU bank, media, energy, and auto sectors led the gains. In contrast, the financial services, IT, and service sectors faced losses.
Also Read: Rajasthan CM Flags Off Pilgrimage Train To Madurai And Rameswaram From Jaipur
In the Sensex pack, Sun Pharma, ITC, M&M, Power Grid, HDFC Bank, Tata Steel, Nestle, Wipro, NTPC, Axis Bank, and Tata Motors emerged as top gainers. Conversely, Bajaj Finance, Bajaj Finserv, Infosys, Maruti Suzuki, ICICI Bank, Tech Mahindra, and Titan were among the top losers.
Market analysts noted two distinct trends: high-quality stocks are showing a positive trend in the secondary market, with companies like Bajaj Finance, ITC, and Maruti seeing gains. However, there is a valuation bubble in some mid and small-cap stocks.
Additionally, the SME IPO market is witnessing irrational movements, with questionable SMEs seeing oversubscribed IPOs and manipulated stock prices.
Most Asian markets traded in the red, with Tokyo, Shanghai, Hong Kong, Seoul, and Jakarta showing bullish trends. Meanwhile, Bangkok’s market remained in the green. US markets were closed on Monday due to Labor Day.
Foreign institutional investors (FIIs) continued their buying spree, purchasing equities worth Rs 1,735.46 crore on Monday, while domestic institutional investors bought Rs 356 crore worth of equities.
For Maha Kumbh 2025, preparations are in full swing as authorities work to ensure all…
Prime Minister Narendra Modi wrapped up his two-day visit to Kuwait on Sunday evening. In…
Maha Kumbh 2025 with preparations for the Maha Sammelan are in full swing as 13…
The MRM strongly endorsed Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat’s statement on temple-mosque disputes.…
For Maha Kumbh-2025, the Prayagraj Mela Authority has made extensive preparations to provide a clean…
Prime Minister Narendra Modi is all set to attend the Christmas celebrations at CBCI Centre…