Sensex trades flat on mixed global cues

Published By : Prameya News Bureau | August 27, 2024 10:58 AM

By 9:40 a.m., the Sensex had dipped by 67 points, or 0.08%, to 81,631, while the Nifty was down 35 points, or 0.14%, at 24,975

Mumbai, Aug 27 : Indian equity indices opened flat on Tuesday, reflecting mixed signals from global markets.

By 9:40 a.m., the Sensex had dipped by 67 points, or 0.08%, to 81,631, while the Nifty was down 35 points, or 0.14%, at 24,975.

Midcap and smallcap stocks are experiencing more buying interest compared to large-cap stocks. The Nifty Midcap 100 index is at 59,117, up by 185 points or 0.32%, and the Nifty Smallcap 100 index stands at 19,183, having gained 51 points or 0.27%.

Sectoral performance shows gains in IT, PSU Bank, pharma, FMCG, media, and PSE indices, whereas Fin Service, auto, metal, and realty sectors are underperforming. The overall market trend remains positive, with 1,299 shares advancing and 654 shares declining on the National Stock Exchange (NSE).

Among the Sensex constituents, HCL Tech, L&T, Power Grid, Infosys, Nestle, UltraTech Cement, Sun Pharma, ITC, Titan, Bajaj Finserv, and Wipro are leading the gains. On the downside, Kotak Mahindra Bank, M&M, HDFC Bank, and IndusInd Bank are the top losers.

Most Asian markets, excluding Tokyo, are experiencing declines, with significant losses in Shanghai, Hong Kong, Bangkok, Seoul, and Jakarta. The US markets ended mixed on Monday.

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