Indices end flat over mixed Q4 earnings

6 May 2024 , 03:58 PM

On Monday, May 6, the Indian stock market benchmarks, the Sensex and the Nifty 50, closed with mixed results. Shares of select heavyweights such as Titan, SBI, and Reliance Industries acted as the top drags on the key indices.

The Sensex closed the day 17 points, or 0.02%, higher at 73,895.54, while the Nifty 50 closed 33 points, or 0.15%, lower at 22,442.70. Market activity saw 1294 shares advancing, 2627 shares declining, and 172 shares remaining unchanged.

Among sectoral indices, the Nifty Realty index surged by 2.76%, while the Nifty PSU Bank index experienced a decline of 3.66%. Consumer durables and oil & gas sectors also witnessed losses of 2.55% and 1.75%, respectively.

Shares of Titan, SBI, and Reliance Industries concluded as the top drags on the Nifty 50 index. Conversely, select banking and IT heavyweights like Kotak Mahindra Bank, TCS, ICICI Bank, and Infosys provided significant support to the index.