Sensex trades flat on global negative cues

Updated: Aug 28th, 2024

Source: IANS

Indian equity indices were trading flat following negative global cues from Asian peers. 

At 9.40 am, Sensex was down 45 points or 0.05% at 81,667 and Nifty was down 21 points or 0.10% at 24,996.

The all-time high of Nifty is 25,078.

The market trend remains positive. On the National Stock Exchange (NSE), 1,470 shares are in the green and 620 shares in the red.

There is a buying trend in midcaps and smallcaps compared to largecaps. The Nifty Midcap 100 index is up 108 points or 0.18% at 59,316 and the Nifty Smallcap 100 index is up 93 points at 19,426.

Among the sectoral indices, Auto, IT, pharma, FMCG, media, energy and infra are the major gainers. Fin service, metal and private banks are the major laggards.

In the Sensex pack, M&M, Tata Motors, Power Grid, Sun Pharma, Titan, Wipro, Reliance, ITC, UltraTech Cement, Bharti Airtel, ITC and HDFC Bank are the top gainers. Tata Steel, Bajaj Finserv, Maruti Suzuki, TCS, HCL Tech and ICICI Bank are the top losers.

Most Asian markets are trading in the red. Tokyo, Shanghai, Seoul and Hong Kong are the major losers. The US market closed with marginal gains on Aug 27.

The foreign institutional investors (FIIs) extended their buying as they bought equities worth ₹1,503.76 crore on Aug 27. However, domestic institutional investors sold equities worth ₹604.08 crore on the same day.

(This story was taken from a syndicated feed, and edited only for style by Gujarat Samachar Digital staff)

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