30-share BSE-Sensex 59,667.60, up 410.28 points or 0.68 per cent, and blue-chip nifty It was trading at 17,748.60, down 106.50 points or 0.60 per cent. About 1463 shares rose, 1715 shares declined and 164 shares remained unchanged.
The market, which started with profit-booking on September 28, ended on a flat note, but recovered from the day’s low amid buying in metal, power and oil and gas stocks. “Today witnessed highly volatile trade with significant volatility on both sides led by IT and Oil & Gas Index. The PSE index made a stellar performance today with gains of over 3%, with power stocks making a smart up move. Made the day’s low despite the smart pullback, the decline was higher than the advances in the broader market,” said S Ranganathan, Head of Research at LKP Securities
On NSE, Bharti Airtel, Tech Mahindra, Bajaj Finance, Divis Labs and Bajaj Finserv were among the major losers on Nifty, while gainers were Power Grid Corp, Coal India, NTPC, IOC and BPCL. BSE Midcap and Smallcap indices ended lower by over 0.5%. On the sectoral front, IT and realty indices fell 2-3 per cent, while power, oil and gas and metals indices ended in the green. On the NSE, 18 stocks rose, while 32 stocks declined, the market trend was negative.
“Our domestic markets opened flat to negative as US stocks ended mostly lower, weighed down by weakness in technology, while government bond yields hit their highest levels in nearly three months when durable goods orders topped . The Nasdaq Composite fell half a per cent while the Dow Jones Index rose 0.2 per cent. The 10-year US Treasury yield rose 3 basis points to 1.49%, the highest since June. Reliance Securities Head Strategy Binod Modi said oil remained stable after a five-day rally on indications of ongoing demand ahead of supply amid the global energy crisis.
On BSE, BHEL, IFCI, IDBI were among the top gainers, while EIhotel, Oberoi Realty, Metropolis, KPR Mill were among the laggards. On BSE, 20 stocks declined and 10 stocks gained as the market trend was negative.
“Based on negative global cues and profit booking in IT and realty sectors, the domestic market witnessed inclement weather, however, it saw a rebound towards closure. The rise in US bond yields and crude oil price as well as the Chinese crisis acted as major headwinds for the ongoing rally in the global market. Vinod Nair, Head of Research, Geojit Financial Services, said the rise in public sector, energy and metals stocks was amidst a broad-based sell-off in the domestic market.
Benchmark index opened in green in early trade, 30-share BSE Sensex It was down 52.22 points at 60,025.66, down 0.09 per cent. Comprehensive NSE nifty 50 8.45 points, down 0.05 per cent at 17,846. The market opened flat amid mixed signals from the global market. Asian stock markets fell in uncertainty driven by Evergrande’s crisis, which is still looming large over global markets. After a mixed session on Wall Street, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.13 per cent on Tuesday. Australia’s benchmark S&P/ASX200 index was down nearly 1 per cent in early trade on Tuesday, while Japan’s Nikkei was down 0.6 per cent. Hong Kong’s Hang Seng Index rose 0.44 per cent.
read all breaking news, breaking news And coronavirus news Here
.