Closing Bell: Bulls fail to make impression on street as Nifty, Sensex end flat; Reliance among top laggards

Domestic stock markets traded in a range bound manner on Monday with frontline indices ending flat. The 30-stock S&P BSE Sensex closed at 62,834.60, down 33.9 points or 0.05 per cent while NSE Nifty50 managed a positive closing at 18,701.05, up 5 points or 0.03 per cent. Banking gauge Nifty Bank settled positive at 43,332.95, up 229.20 points 0.53 per cent.

INDIA VIX, a measure of volatility in Nifty stood at 13.73, up 2.10 per cent from the Friday closing level.

In the 50-stock index, 27 advanced while 23 declined. Among top gainers were metal stocks led by Hindalco Industries, JSW Steel and Tata Steel. UPL and ONGC were also other gainers on the 50-stock Nifty50 index. Among the top losers were Tata Motors, Apollo Hospitals, Reliance Industries, Britannia Industries and Tech Mahindra. Reliance was the biggest laggard and accounted for a lion share towards the fall of benchmark indices. 

Out of 15 Nifty sectoral indices, 7 gained against 8 declines. Metal shares gained owing to the weaknes in Dollar Index which has slipped below 105 against the basket of six major currencies. Nifty Metal Index was up 1.87 per cent followed by Nifty PSU Bank (+1.20 per cent) and Nifty Realty (+0.69 per cent). The laggards were Nifty Auto (- 0.30 per cent), Nifty IT (- 0.52 per cent) and Nifty Healthcare Index (-0.43 per cent).

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Stock specific action was seen in broader markets with Nifty Mid Cap 100 closing at 32,646.95, up 0.25 per cent. The top gainers were M&M Finance and AB Capital. The top losers were BHEL and Dalmia Bharat as 50 stocks managed a positive closing against 48 declines and 2 stocks remaining unmoved. 

53 stocks advanced against 46 declines while 1 remained unchanged in the 100-stock Nifty Small Cap 100. The top gainers were Suzlon and Sobha while top losers were Brightcom Group and Angel One.

Out of 3,660 stocks that traded on BSE, advances were 2,151 while declines were 1,318 while 191 stocks remained unchanged. 152 stocks hit 52-week highs while 19 hit their 52-week lows.

Dow 30 Futures were trading at 34,313, down 116.90 points or 0.34 per cent while Singapore-based SGX Nifty was trading at 18,810, down 14.5 points or 0.08 per cent.