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Tuesday, the second trading day of the week, witnessed a flurry of ups and downs in the stock market. Following this, the Bombay Stock Exchange index Sensex rose only 37 points to settle. The national stock market index Nifty settled down just 0.25 points at 18,118.30.
Global market cues were positive. Due to this impact the domestic market started to rise. Since then it has seen a wobble due to record profits. As the stock continued to sell off, it went negative at one point. However, the market remained largely unchanged with little support at the end of trading hours. BSU Bank, Realty and Pharma stocks were the top sellers. At the same time, the reception in auto and IT stocks avoided a major decline, stockbrokers said.
Sensex marginally up:
The Sensex opened the morning up 180.53 points at 61,122.020 and touched a high of 61,266.06. Later, the Sensex, which dipped as low as 60,849.12, eventually ended up 37.08 points (0.06 per cent) at 60,978.75. Sensex gained 15 shares. 15 stocks came in the low price list.
Tata Motors, Maruti Abaram:
Popular auto maker Tata Motors led the gainers with a gain of 3.34 percent, followed by Maruti Suzuki by 3.21 percent.
Axis Bank declines: Meanwhile, leading private equity bank Axis Bank led the decliner list with a decline of 2.50 per cent.
Decline in market value: Meanwhile, the market capitalization fell by Rs 67 thousand crores to close at Rs. 280.20 lakh crore. Foreign institutional investors (FIIs) sold shares to the tune of Rs 219.87 crore on Monday, market data showed.