Benchmark Indices Close Flat Amidst High Volatility

30 Aug 2023 , 03:38 PM

The benchmark indices navigated a tumultuous market on August 30, concluding the day with marginal gains in a relatively uneventful finish.

As the trading session drew to a close, the Sensex managed to eke out a mere increase of 11.43 points, equivalent to a fractional rise of 0.02%, placing it at 65,087.25. Similarly, the Nifty displayed a minimal uptick of 4.80 points or 0.02%, resting at 19,347.50. Amidst the market’s ebbs and flows, approximately 2233 stocks advanced, 1291 stocks experienced declines, and 143 stocks remained unchanged.

Tata Steel, Maruti Suzuki, M&M, Eicher Motors, and Infosys emerged as the top gainers on the Nifty index, contributing positively to the overall market sentiment. On the other end of the spectrum, Power Grid Corporation, SBI, BPCL, Dr. Reddy’s Laboratories, and Hero MotoCorp faced downward pressure, being the top losers in the trading session.

From a sectoral perspective, the realty index showcased notable strength, recording a gain of 1%. Furthermore, the auto, FMCG, information technology, and metal sectors also exhibited moderate uptrends, each advancing by 0.5%. However, sectors such as power, oil & gas, and banking encountered marginal declines of 0.5% each.

The broader market segments, as reflected by the BSE midcap and smallcap indices, demonstrated resilience and managed to secure gains ranging from 0.5 to 0.8%.