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08 March, 2021 11:14 IST
Markets end flat amid volatility; M&M up, Bajaj Finance down
Source: IRIS | 13 Jan, 2021, 05.28PM
Rating: NAN / 5 stars.
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Indian equities ended the choppy session lower on Wednesday. Auto, banking and metal stocks traded higher while pharma, energy and financials stocks traded lower.

Broader markets underperformed wherein BSE Midcap and Smallcap indices dropped 0.63% and 0.38% respectively.

At the close, the 30-share benchmark index, BSE Sensex ended flat with a decline of 24.79 points or 0.05% at 49,492.32, 15 components registering drop. While the broad based NSE Nifty closed flat with a gain of 1.40 points or 0.01%, at 14,564.85.23 components registering rise.

Reliance Industries  contributed fall of 38.04 points in the Sensex.  It was followed by HDFC Bank  (27.28 points), Sun Pharmaceutical Industries  (14.53 points), Tata Consultancy Services  (11.51 points) and Bajaj Auto  (5.46 points).

However, State Bank Of India contributed rise of 90.05 points in the Sensex.  It was followed by Mahindra & Mahindra  (79.03 points), ICICI Bank  (61.27 points), Infosys (39.46 points) and Oil & Natural Gas Corporation  (36.92 points).

Biggest gainers in the 30-share index were Mahindra & Mahindra  (6.24%), State Bank Of India (4.80%), ITC  (2.35%), NTPC  (2.24%), Bharti Airtel  (2.21%),  and Axis Bank  (1.78%).

On the other hand, Bajaj Finance  (2.85%), Housing Development Finance Corporation (2.76%), Bajaj Finserv  (1.95%), Sun Pharmaceutical Industries  (1.25%), Dr Reddy's (1.23%), Asian Paints  (1.20%),  and Kotak Mahindra Bank  (1.11%) were the major losers in the Sensex.

Market breadth was negative with 1,236 advances against 1,828 declines.

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