The volatile session ends on a lower note on Tuesday. The Nifty 50 closed the session 163 points or 0.65% lower at 24,838, the Sensex fell 592 points or 0.72% to end at 81,5845.
In line with the overall market sentiments, the Nifty Bank declined 220 points or 0.40% to end at 55,351.30.
However, the small and midcap stocks broke ranks with the benchmarks. The BSE Smallcap advanced 98 points or 0.19% to finish at 51,865.29, and the BSE midcap surged 80.33 points or 0.18% to 45,191.80.
“Today, the benchmark indices experienced a volatile trading session. Among sectors, the Defense index outperformed, rallied over 1%, whereas intraday profit booking was seen in selective Auto, Banking, and IT stocks. After an initial fall, the market bounced back sharply, but once again, profit booking occurred at higher levels. Currently, the market is witnessing non-directional activity; perhaps traders are waiting for an either-side breakout,” said Shrikant Chouhan, Head of Equity Research, at Kotak Securities.
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5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Tuesday’s session on a lower note. During the session, the Nifty 50 fell as much as 1.17%, while the 30-stock index, Sensex, corrected 1.27%.
Top gainers
Jio Financial was the top gainer in the Nifty 50 in Tuesday’s session, closing 3.87% higher. It was followed by IndusInd Bank, Trent, Adani Ports, and Sun Pharma.
Top losers
Meanwhile, the shares of UltraTech Cement were the biggest losers in today’s trade. It was followed by JSW Steel, ITC, Tata Motors, Grasim Industries, and many others.
Best and worst performing business groups
The Jaipuria Group’s market capitalisation has risen the most in Tuesday’s trade, gaining over 6.6%. In the list of Jaipuria Group stocks, out of 2 stocks, both stocks closed the session in the green. Jaipuria Group was followed by Adani Group, whose market cap surged almost 3.39%, L G Balakrishnan’s market cap increased by 3.04%, and others. However, the Future Group’s market cap declined the most, falling 3.13%.
Sectors that surged most in Tuesday’s trade
The shipping sector advanced the most in Tuesday’s trade. Of the 5 stocks in the list of shipping stocks,
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