new delhi, july 22
The stock market on Tuesday ended on a flat note after failing to hold on to early gains. Nifty 50 finished below 25,100 on across-the-board selling.
At close, the Sensex was down 13.53 points or 0.02% at 82,186.81, and the Nifty was down 29.80 points or 0.12% at 25,060.90.
BSE Midcap index shed 0.6%, while the smallcap index ended marginally lower.
Among the sectors, most indices ended lower with BSE Realty falling 1%, BSE Telecom and Auto also lost almost 1% each. On the NSE, Nifty Bank fell 0.35%, while the PSU Bank index declined 1.57%.
Eternal up by 10.56%, Titan up by 1.08%, and BEL up by 0.72% closed as the top gainers, while the shares of Tata Motors down by 2.04%, Adani Ports down by 1.93%, and SBI down by 1.12% ended as the top losers.
Around 150 stocks hit their 52-week highs in intraday trade on the BSE, while 33 stocks hit their 52-week lows. Eternal, ICICI Bank, Shree Cement, and UPL were among the highs, while Tejas Networks, Raymond Realty, and Smartworks Coworking Spaces were among the lows.
Out of 4,198 stocks traded on the BSE, 1,790 advanced, while 2,231 declined, and some 177 stocks remained unchanged.
Real estate companies also dropped in trade as weak results by Oberoi Realty dampened investor sentiment. The fall in the share prices pushed the Nifty Realty index down over 1%.
Bajaj Finance Ltd slipped in trade after managing director Anup Kumar Saha tendered his resignation due to personal reasons.
Food delivery giant Swiggy shares closed 6% higher at Rs 418 apiece, tracking strong gains in Zomato parent Eternal Ltd, which jumped nearly 20% in the last two sessions following robust June quarter results.
Titan shares gained over 1% as it announced to acquire a majority 67% stake in UAE-based Damas Jewellery in an all-cash deal.
The market’s attention is on quarterly earnings, which slowed lately after some traction from banking stocks. An elusive India-US trade deal is also keeping investors’ risk appetite low.
