Indian equity markets closed the session on a flat note. The Nifty 50 closed the session 0.12% lower at 25,060, and the Sensex ended the day 14 points lower at 82,180.
The Nifty Bank settled almost 200 points lower at 56,750. The midcap stocks were hit the most in today’s session. The BSE Midcap closed the trade 290 points, or 0.62%, lower at 46,745. On the other hand, the BSE Smallcap closed 100 points lower at 55,186.44.
“The Nifty remained mostly range-bound, facing resistance at the 21-EMA during the initial trades. On the hourly chart, the index failed to move above the 50-EMA. Overall, consolidation may continue in the coming days, as the index is not showing any signs of a breakout from the current trading zone. On the lower end, 24,900 continues to act as strong support, while resistance is placed at 25,260, a breakout above which could lead to increased strength in the market,” said Rupak De, Senior Technical Analyst at LKP Securities.
5 big highlights from today’s market action-
Indices in intraday trade
The indices closed Tuesday’s session on a muted note. During the session, out of 3,032 trading stocks, 1,275 advanced, while 1,672 declined, and 85 remained unchanged. Today, 74 stocks hit a fresh 52-week high. Meanwhile, 24 stocks touched a new 52-week low.
Top gainers
Zomato was the top gainer in the Nifty 50 in Tuesday’s session, closing 10.3% higher. It was followed by HDFC Bank, Hindalco, Titan, and Bharat Electronics.
Top losers
Meanwhile, the shares of Shriram Finance were the biggest losers in today’s trade. It was followed by Eicher Motors, Jio Financial Services, Adani Ports, Bajaj Auto, and many others.
Top sectors in Tuesday’s trade
The Internet & E-Commerce sector’s stocks topped the chart in Tuesday’s trade, gaining 4.5% in the market capitalisation. Service stocks followed suit along with packaging stocks. The transport sector stood behind the leather sector, climbing 1%, and it was followed by the Gems and Jewellery sector that rose 0.7%.