August 10, 2022
Share Market Today: Sensex and Nifty closed flat after ups and downs

Share Market Today: Amid weak global cues, the domestic market opened with losses on the BSE this morning and the market remained volatile throughout the day. But the benchmark indices closed on a flat note at the end of the trading session.

Today’s stock market condition

At market close, the Sensex was up 20.86 points or 0.04 per cent at 58,136.36 and the Nifty was up 5.50 points or 0.03 per cent at 17,345.50. About 1829 shares rose, 1460 shares declined and 122 shares remained unchanged.

gains in these stocks

IndusInd Bank, Asian Paints, NTPC, Maruti Suzuki and Power Grid Corp were among the major gainers on the Nifty. UPL, Hero MotoCorp, SBI Life Insurance, Britannia Industries and Tech Mahindra were among the losers.

On the sectoral front, the PSU Bank and Power indices rose 2-2 per cent each, while the realty index declined 1.7 per cent. Bank Nifty index continued its upward momentum but failed to cross the 38,000 level on closing basis. The index is already trading in overbought territory on the short-term time frame and booking profits from the current levels cannot be ruled out.

BSE Midcap and Smallcap indices closed in the green

BSE Midcap and Smallcap indices closed in the green. The broader indices outperformed their larger peers, with the midcap index rising 0.5 per cent and the smallcap gauge up 0.34 per cent. In ten of the 19 sectoral indices compiled by BSE Ltd, the realty index declined nearly 2 per cent. At present, the market is in favor of the bulls.

special things

  • Page Industries, the longest lead in more than a decade, also gained on the 10th day.
  • Crompton Greaves advanced on the sixth day. This has been the longest winning streak in a year.
  • Reddington India jumped on the seventh day, the longest winning run in 20 months.
  • IDFC shares jumped 5 per cent.
  • ITC shares hit 52-week high.
  • Shares of food aggregator Zomato have gained up to 5 per cent.

According to market analysts, there is a comeback of FIIs in the Indian markets, who have now become frequent buyers. All eyes will now be on the RBI MPC interest rate decision on August 5. The RBI is expected to increase the repo rates by 50 basis points to 5.4 per cent from the current 4.9 per cent.

Leave a Reply

Your email address will not be published.