The benchmark equity indices concluded Tuesday’s trading session with a mixed outcome. The NSE Nifty 50 ascended by 27.05 points or 0.12%, resting at 22,529.05, whereas the BSE Sensex descended by 52.63 points or 0.63%, concluding at 73,953.31. The Bank Nifty index depreciated by 151.30 points or 0.31%, ending at 48,048.20.
The broader indices displayed positive momentum, buoyed by gains in Large-cap and Mid-cap stocks. Among the sectoral indices, PSU Banks and Metal stocks outperformed, whereas FMCG and Large-cap Banks lagged.
On the NSE Nifty 50, Hindalco, Coal India, Tata Steel, JSW Steel, and Adani Ports & SEZ emerged as the top gainers. Conversely, the laggards included Nestle India, Hero MotoCorp, Maruti Suzuki India, IndusInd Bank, and ICICI Bank.
The Indian Volatility Index (India VIX) surged by 6.26%, closing at 21.81.
“The domestic market exhibited a sideways trajectory and concluded on a flat note today, interrupting a three-day rally due to cautious remarks from US Fed officials dampening investor sentiment. As the general election nears its culmination, volatility is expected to persist,” stated Vinod Nair, Head of Research at Geojit Financial Services.
Nair further mentioned, “Despite the prevailing volatility, the market has almost recouped the losses from the previous peak. Metal stocks experienced an uptrend, driven by rising commodity prices, while the midcap index reached a new zenith.”
