The Equity Market closed at the red note with the range bound trading session today. investors digested GST driven higher and awaited June quarter earnings that will begin next week. Sensex dragged 11.83 points at 31,209.79, lower by banks, auto, infra and FMCG stocks. However, the buying in index heavyweights Reliance Industries, HDFC, and Infosys capped downside. NSE Nifty success to managed to hold 9,600 level, fell by 1.70 points at 9,613.30.
The key indices Sensex and Nifty ended the session on a negative terrain in a volatile trade, dragged by fall in midcaps amid rising concern over cross border tensions. The BSE Sensex went down 63.61 pts at 30,301.64, while the NSE Nifty-50 index ended 16.40 pts lower at 9,369.75. Sentiment was dampened by growing Indo-Pak tensions. Moody’s down-grading of credit rating on China hurt the risk appetite.
The key benchmark indices reversed gains to trading lower in Tuesday’s early trade. At 10.15 am, the BSE Sensex, was down 128.36 points or 0.42% at 30,442.61 while the Nifty50 index was down 45.25 points or 0.48% at 9,393.00. The broader BSE Mid-cap and Small-cap indices dipped over 2 percent each.
Equity benchmarks extended losses for third consecutive session Monday as investors remained cautious amid rising geopolitical tensions and weak US jobs data that dragged global peers. They also maintained caution ahead of earnings season that will kick off by Infosys on Thursday. Nifty dropped 16 points while Sensex slipped 130 points intraday.