Indian Equity Indices End Flat After Budget Presentation; Mixed Sectoral Performance Noted

1 Feb 2024 , 04:09 PM

Indian equity indices closed nearly unchanged on February 1 after Finance Minister Nirmala Sitharaman presented an inline Interim Budget devoid of major announcements.

At the close, Sensex was down 106.81 points or 0.15% at 71,645.30, while Nifty declined by 28.20 points or 0.13% to 21,697.50.

Top Nifty gainers included Maruti Suzuki, Cipla, Eicher Motors, SBI Life Insurance, and Power Grid Corporation, while losers comprised UltraTech Cement, L&T, Dr. Reddy’s Laboratories, JSW Steel, and Grasim Industries.

Sector-wise, auto, bank, FMCG, and power sectors added 0.2-0.8%, while capital goods, metal, and realty sectors declined by around 1% each.

The BSE midcap index fell by 0.4%, and the smallcap index ended 0.2% lower.

Notable volume spikes were observed in India Cements, Indus Towers, and Godrej Consumer Products.

Long build-up positions were seen in Godrej Consumer Products, Canara Bank, and Punjab National Bank, whereas short build-up positions were observed in India Cements, Aurobindo Pharma, and Cholamandalam Investment and Finance Company.

Several stocks, including Indian Overseas Bank, Bank of India, BEML, Canara Bank, and LIC Housing Finance, touched their 52-week highs on the BSE.

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