Domestic equities started little changed on Tuesday as the stock market rally took a breather
Sensex Today: Tepid global mood weighed on benchmark indices on Tuesday, halting their three-day rally. The S&P BSE Sensex closed at 64,942 levels, down 16 points, while the Nifty50 ended at 19,407-mark, down 5 points.
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The frontline indices, however, were sharply off intraday lows which was 64,638 for the Sensex and 19,329 for the Nifty50.
Sun Pharma, BPCL, Dr Reddy’s Labs, LTIMindtree, NTPC, Axis Bank, SBI, ONGC, Cipla, Hindalco, SBI, Tech M, and IndusInd Bank were the leading winners that helped the indices recover from lows. The stock climbed up to 2 per cent.
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The broader markets, on the other hand, held steady gains throughout the session, settling 0.53 per cent and 0.38 per cent higher, respectively.
Sectorally, the Nifty Pharma index advanced 1.4 per cent, followed by the Nifty PSU Bank index (up 0.54 per cent). On the downside, the Nifty Realty index fell 1.4 per cent.
Bajaj Finance shares were up 0.2 per cent after it set Rs 7,250 per share as the base price for its Rs 8,800-crore qualified institutional placement (QIP).
Nykaa shares surged 3.5 per cent after the e-retailer reported a 50 per cent Y-o-Y increase in net profit at Rs 7.8 crore for Q2FY24. Consolidated revenue grew 22 per cent to Rs 1,507 crore.
