Mumbai: Indian domestic benchmark indices, both, the thirty scrip sensitive Sensex, as well as the fity scrip sensitive Nifty50 ended Tuesday session in the marginal red. This inspite of opening positively.
The NSE Nifty50 ended 28.35 points or 0.27% to end 10335.30, while the Sensex ended 53.30 points or 0.16% to end 33213.13.
The Sensex heatmap was largely shades of red except for the top row which had a tuft of green, thanks to gainers such as BHarti Airtel (up by 1.29%), ONGC (2.52%), and Axis Bank.
Shares of the bank rallied by over 9%, a huge gain in nearly three and half years after news that Bain Capital were in advance talks to pick a 5% stake. The stock rose to nearly Rs529 a share, and by end of trading hours, traded a 40.70 point gain to close at Rs 525.
On the broader side, SmallCap indices gained an edge with a 0.46% intraday gain, while others like Sensex 50, Next 50, BSE100, BSE200, returned negative gains from the session.
The F&O expiry, coupled with negative cues from global markets forced most domestic indices to end in the negative.
Brokerage house Angel broking had suggested in its daily note that Indian markets were likely to open negative tracking global indices and SGX Nifty. U.S. markets closed lower Monday as a report that the House of Representatives is considering phasing in a cut to corporate taxes rather than enacting them immediately weighed on investors confidence.
Among sectoral gainers, Realty stocks saw some action. The BSE realty index was trading 3.03% up contributed majorly by DLF (up by 7.14%) and Oberoi realty (3.58%).
Sectors in the losing spree were Metal stocks (down by 1.76%) and Utilities (0.73%). On the BSE Metal sectoral index, only National Aluminium (up by 4.81%) was trading in the green, while Coal India (0.66%), Hindustan Zinc (0.76%), Vedanta (2.43%), SAIL (2.63%) were all trading in the red.
Among the quick gainers were Religare up by 9.96%, and RCom, up by 9.24%.
An ease of doing business report will be officially presented by the World Bank in a few hours from now. If our current rankings from 130 do change, that should probably cheer the markets for some growth.
