According to the current reports updated on stock closing, we have inputs given by S Ranganathan, Head of Research at LKP securities: Markets were volatile and profit booking was expected given the outperformance of the Midcap & Smallcap Indices. As a matter of fact, we have not witnessed such an outperformance for almost 7 years. Today’s trade saw hectic activity and sustained interest in cement & textiles with the latter exhibiting good momentum across market capitalization.
The recent stock which was closed now is the stock of Rupee at Indian rupee erased intraday gains but ended marginally higher at 74.57 per dollar, amid volatile trade selling seen in the domestic equity market. It opened 15 paise higher at 74.48 per dollar against Friday’s close of 74.63 and traded in the range of 74.40-74.59.
Kitex Garments were locked at 20 percent upper circuit for the second day in a row after the company has entered Telangana with an initial investment of Rs 1,000 crore. It has touched a 52-week high of Rs 168.65. There were pending buy orders of 81,844 shares, with no sellers available.
Currently, the highest on the chart is Ultra Tech cement with 7093.75 at +2.81 percent.
At close, currently, the Sensex is down 13.50 points or 0.03 percent at 52372.69, and the Nifty is up 2.80 points or 0.02 percent at 15692.60. About 1889 shares have advanced, 1163 shares declined, and 149 shares are unchanged.
UltraTech Cement, Grasim Industries, Shree Cements, JSW Steel, and SBI Life Insurance were the top gainers on the Nifty. However, the top losers were Adani Ports, Bharti Airtel, BPCL, Tata Steel, and Infosys.
Besides the sectoral front, the realty index added 3.5 percent, while selling was seen in the IT, metal, oil & gas, and power indices. BSE midcap and smallcap indices ended in the green.
