Key domestic indices ended nearly flat in a volatile session on Tuesday tracking weak global markets and major Q1 results. BSE benchmark Sensex slipped 29.07 points, or 0.04 per cent to close at 66,355.71, while broader NSE Nifty50 ended marginally higher, up 8.25 points, or 0.04 per cent at 19,680.60.
ITC extended the fall for the second consecutive day, and ended around 2 per cent lower, at Rs 462.20, after the company announced that its board has in-principle given the approval to demerge its hotel business. In two trading sessions, the stock of the FMCG major slumped over 7 per cent, losing around Rs 50,000 crore in market capitalisation.
Asian Paints was the top loser in the Sensex pack, as the stock ended 4 per cent lower at Rs 3,400.10, after the company reported 52 per cent jump in its net profit to Rs 15.50 lakh crore.
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Sectorally, metal stocks were the top gainers, as the index jumped 2.94 per cent, followed by media index at 1.51 per cent. Meanwhile, PSU Bank index fell 1.46 per cent, Nifty FMCG slipped 0.86 per cent, and Nifty Realty fell 0.40 per cent.
Broader markets outperformed key indices, as Nifty Midcap 150 gained 0.49 per cent, Nifty Midcap 59 jumped 0.40 per cent, Nifty Midcap 100 rose 0.39 per cent, while Nifty Next 50 gained 0.52 per cent.
Adani Enterprises, Adani Ports, Titan, PowerGrid, M&M, Grasim, ONGC, HDFC Bank, Divis Lab, Tata Consumer, and Maruti Suzuki were the top performing stocks in today’s trade.
On the other hand, Asian Paints, ITC, L&T, SBI, IndusInd Bank, Kotak Mahindra Bank, SBI Life, Axis Bank, Wipro and BPCL were the top drags.