Having finished off their seven-session uptrend streak, Sensex and Nifty ended with marginal losses on Tuesday. Nifty Midcap saw its biggest drop in the past six months during the day as investors rushed to book profits after the recent sharp rally in most members of the index. The index fell as much as 885 points in daily trading before paring some losses and settled at 32.170.70, down by 714.10 points or 2.2%.

Selling was also seen in the small business spaces as the Nifty Smallcap100 Index fell 1.7% to 11,480.70 points.
Shares with high retail presence like IRCTC and Tata Power fell between 7.2% to 10.7% on Tuesday.
With 86% of index members ending the session in red, the combined market capitalization of the average capitalization index shrunk by Rs.82,793 crore to Rs.34.2 crore.

However, the mid-cap and small-cap indices have outperformed the broader Nifty50 index so far in 2021 with gains of 54% and 62%. Nifty50 gained 31.7% over the same period. After touching a life high of 6,2245.43 during the session, the 30-share BSE Sensex stock settled down 49.54 points at 61.716.05. Similarly, Nifty lost 58.30 points to close at 18,418.75. It touched a new intraday record of 18604.45 in early trades.

ITC ranked first in the Sensex group of companies, with tank volumes at more than 6 percent, followed by HUL, Titan, Tata Steel, UltraTech Cement and PowerGrid. On the other hand, Tech Mahindra, L&T, Infosys, Bajaj Finserv, Kotak Bank and HDFC Bank were among the gainers.

Get live stock quotes from BSE, NSE, US market and latest NAV, mutual fund portfolio, see the latest underwriting news, best IPOs, calculate tax by income tax calculator, see top market gainers, biggest losers and best stock funds. like us Facebook social networking site and follow us Twitter.

Financial Express is now available on Telegram. Click here to join our channel And stay up-to-date with the latest Biz news and updates.

Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *