Mumbai, June 4th. The Indian stock market closed almost flat in volatile trading on Thursday amid ongoing tensions in West Asia. While BSE Sensex rose by 14 points, NSE Nifty had a marginal gain of 11 points.
Experts say the market opened under pressure due to weak global cues, high crude oil prices and geopolitical tensions in West Asia. However, the indices managed to recover losses due to buying at lower levels. In the same sequence, even before the decision of the Monetary Policy Committee of the Reserve Bank of India (RBI) on the policy rate, investors took a cautious stance.
Sensex 74,360.01 closed on points
Bombay Stock Exchange (BSE)’s benchmark index Sensex based on 30 shares closed at 74,360.01 points with a marginal gain of 13.84 points or 0.02 per cent. During trading, it moved within a range of 737 points to a high of 74,544.24 and a low of 73,807.30 points. Among Sensex related companies, shares of 11 remained in the green while shares of 18 registered a decline.
nifty 10.95 by increasing points 23,416.55 off on
At the same time, Nifty, a sensitive index based on 50 shares of National Stock Exchange (NSE), closed at 23,416.55 points, rising by 10.95 points or 0.05 percent. Among Nifty related companies, 23 shares were in profit while 27 were in loss. Looking at the broader market, the BSE Smallcap index of small companies rose by 1.02 percent while the Midcap index of medium companies rose by 0.40 percent.
A look at the sectoral index
On the other hand, in the sectoral index, the consumer durable segment recorded the maximum jump of 1.94 percent, while the capital products segment recorded a gain of 1.01 percent, the telecom segment recorded a gain of 0.82 percent and the oil and gas segment recorded a gain of 0.57 percent. On the other hand, there was a decline in metal, commodity and IT segments.
Titan’s stock rose the most by 3.43 percent.
Among the companies included in the Sensex group, Titan’s stock rose the most by 3.43 percent. ITC, Tech Mahindra, State Bank of India and ICICI Bank were also major gainers. On the other hand, shares of Infosys, Bajaj Finserv, UltraTech Cement, HCL Tech and Adani Ports declined.
FII has 5,616.56 Sold shares worth crores of rupees
According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 5,616.56 crore on Wednesday. On the other hand, global oil standard Brent crude fell 1.68 percent to $ 96.17 per barrel.
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