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.
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.
Benchmark indices NSE Nifty closed at 9260 levels, up by 22 points or 0.24%. BSE Sensex closed at 29,974 levels, up by 64 points or 0.2% with just one left for RBI policy announcement.
Nifty witnessed a gradual upbeat with rangebound volatility and finally recovered to close at record level. Nifty50 index closed at its record close on Thursday and the 30-share Sensex closed just 26 points away from its 30,000 mark, though it hit a high of 30007.48.
While, BSE Mid-cap Index closed up 0.46% at 14256 whereas, BSE Small-cap Index closed up 1.1% at 14785.