Share Market: Market closed flat for the second consecutive day, the emphasis was on the shares of Reliance and ICICI
Closing on flat note in stock market even today.
Mumbai:
Domestic stock markets closed on a flat note for the second consecutive day on Thursday. Today was the day of monthly expiry. Today Reliance Industries and ICICI Bank, Axis Bank, Hindustan Unilever and HCL Technology registered gains, but both the benchmark indices closed on a flat note due to fall in Bharti Airtel, Infosys, State Bank of India, ITC and Maruti Suzuki. In closing, the Sensex closed at a level of 55,949 with a gain of 5 points and the Nifty climbed 2 points to close at a record high of 16,637.
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12 sectors of BSE closed in the green. The S&P BSE Energy Index has gained 1 percent. Power, realty, capital goods, industrial and FMCG indices rose 0.4-0.9 per cent. On the other hand, telecom, metal, healthcare and auto indices declined.
If we talk about the opening, then the major stock indices Sensex and Nifty got off to a volatile start on Thursday amid a weak trend in Asian stocks and continuous outflow of foreign funds. During this, both the indices opened with a negative trend, but later the Sensex rose 46.78 points or 0.08 percent to 55,990.99. Similarly, the broader NSE Nifty rose 16.80 points or 0.10 per cent to 16,651.45.
In the opening, the biggest gain of one percent in the Sensex was in Reliance Industries. At 10.41 in the morning, the company’s shares were up by Rs 37.20, or 1.69%, at Rs 2,239.80 per share. Apart from this, HCL Tech, Bajaj Finserv, Asian Paints, Bajaj Auto, Bajaj Finance and L&T were also among the top gainers.
On the other hand, Bharti Airtel, PowerGrid, Maruti, Titan and Axis Bank declined.