Mumbai, Aug 27 (IANS) Indian equity indices closed flat on Tuesday due to mixed global sentiments.
At closing, Sensex was at 81,711 with a slight gain of 13.65 points and Nifty closed at 25,017 with a gain of 7 points. It is the second consecutive day when the National Stock Exchange (NSE) benchmark closed above 25,000.
Strong buying was seen in the midcap and smallcap stocks compared to largecaps. The Nifty midcap 100 index was at 59,220, up 289 points or 0.49 per cent and the Nifty smallcap 100 index was at 19,333, up 201 points or 1.05 per cent.
According to market experts, the domestic market witnessed profit booking near record highs. While the positive expectations regarding a potential rate cut by the US Fed in September remain, the recent geopolitical tensions and rising crude oil prices have made investors cautious amid high valuations, they maintained.
Among the sectoral indices, fin service, pharma, realty, media, and private bank were the major gainers. FMCG, metal, energy, infra, and commodity were the major losers.
In the Sensex pack, Bajaj Finserv, Maruti Suzuki, L&T, Bajaj Finance, Infosys, ICICI Bank, Sun Pharma, Axis Bank and Bharti Airtel were the top gainers. Titan, JSW Steel, HUL, Tata Motors, NTPC, ITC, Power Grid and Reliance were the top losers.
Rupak De, Senior Technical Analyst, LKP Securities said: “The sentiment has entered an indecisive phase as the Nifty closed with a Doji pattern on the daily chart. The significant presence of both call and put option writers at the 25,000 strike price strengthens the technical setup. As a result, the Nifty is likely to remain range-bound or might experience a slight dip in the near term.”
“On the lower end, 24,800 could act as immediate support, while a rise above 25,100 might push the Nifty towards 25,300,” he added.
–IANS
avs/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
