Sensex Ends Volatile Session Marginally Lower; Nifty Below 19,750; Power Grid Slides 5% - News18
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Last Updated: August 01, 2023, 15:40 IST
Sensex Today: The benchmark indices swung between gains and losses on Tuesday as stock-specific action guided market moves. The S&P BSE Sensex gyrated 270 points during the day before closing at 66,459, down 68 points or 0.10 per cent.
The Nifty50, too, stayed within a 90-point range before shutting shop at 19,734, down 20 points or 0.1 per cent.
Power Grid, Hero MotoCorp, Apollo Hospitals, IndusInd Bank, Bajaj Finserv, SBI, Adani Ports, Reliance Industries, Divis Labs, Asian Paints, and Maruti Suzuki were the top large-cap laggards on the exchanges, down between 1 per cent and 5 per cent.
On the upside, Coal India, Tech M, NTPC, LTIMindtree, Eicher Motors, HCL Tech, M&M, Britannia, TCS, Hindalco, Infosys, and Dr Reddy’s Labs gained up to 4.5 per cent.
Meanwhile, in the broader market, the BSE MidCap index slipped 0.2 per cent, while the BSE SmallCap index added 0.54 per cent.
Global Cues
Globally, Asia-Pacific markets were mixed as China’s Caixin purchasing managers index in July for the manufacturing sector fell into contraction territory for the first time since April.
Hong Kong’s Hang Seng index was 0.63 per cent higher, but mainland China’s Shenzhen Component was down 0.1 per cent. In Australia, the S&P/ASX 200 climbed 0.25 per cent, ahead of the Reserve Bank of Australia’s rate decision. Japan’s Nikkei 225 rose 0.45 per cent, while South Korea’s Kospi advanced 1.13 per cent.
Overnight, the Dow Jones Industrial Average added 0.28 per cent, while the S&P 500 edged up 0.15 per cent, and the Nasdaq Composite rose 0.21 per cent.
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