Mumbai, 20 April. The Indian stock market started flat on Monday amid US-Iran tension. At 9:17 am, the Sensex was down 137.14 points or 0.17 per cent at 78,356.40 and the Nifty was at 24,291.50, down 61.65 points or 0.25 per cent. The decline in the market was led by metal and realty shares. For this reason Nifty Metal and Nifty Realty were the top losers among the indices. Apart from this, Nifty India Defence, Nifty PSE, Nifty Consumer Durables, Nifty Commodities and Nifty Oil & Gas were also in the red. On the other hand, Nifty PSU Bank, Nifty Media and Nifty Consumption were in the green.
On the other hand, there was a rise in midcap and smallcap. The Nifty Midcap 100 index was at 60,201.90, up 303.70 points or 0.51 per cent and the Nifty Smallcap 100 index was at 17,604, up 38.40 points or 0.22 per cent. Trent, SBI, ICICI Bank, Asian Paints, UltraTech Cement, Adani Ports, L&T, Axis Bank, NTPC, HUL, Bajaj Finserv, M&M, Bajaj Finserv, Bharti Airtel, Tata Steel and Indigo were among the gainers in the Sensex pack. Whereas HDFC Bank, Infosys, Kotak Mahindra Bank, TCS, Titan and were eternal losers.
Asian markets were trading at a brisk pace. Tokyo, Hong Kong, Shanghai, Seoul and Jakarta were in the green. Only Bangkok was in the red. American stock markets closed with huge gains on Friday. Foreign institutional investors (FIIs) on Friday made a net investment of Rs 683.20 crore in equities in the Indian stock market. At the same time, domestic institutional investors (DIIs) had made a net sale of Rs 4,721.48 crore in equities. Tension continues between America and Iran. The closure of the Strait of Hormuz after being open for some time has increased the tension between the two countries.
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