Markets End on a Modest Gain Following a Highly Volatile Day of Trade
After a volatile day of trading, the 30-share BSE Sensex closed marginally higher. It gained up to 50.15 points or 0.06% to close at 82,276.07.
Indian stock markets close slightly higher after a volatile trading session amid mixed global cues and selective buying in blue-chip stocks.
After witnessing sharp intraday fluctuations, the Indian stock market today ended at marginally higher. The investors remained cautious amid mixed global cues and choosy buying in heavyweight stocks. The benchmark indices moved in the middle of the gains and losses through the session and somewhat positive in the end.
The 30-share index on the Bombay Stock Exchange closed 50.15 points. It is higher by 0.06% and ends at 82,276.07. However, the broader market at the National Stock Exchange of India even winds up at modest gains. It reflects a cautious yet steady investor sentiment.
The participants in the market stay watchful ahead of key global financial data and ongoing geopolitical growth. It can be added to volatility during the day. Analysts noted that profit booking at higher levels capped the benefit even as value buying in choosing the blue-chip stocks assisted by the indices ahead of the closing hours.
In the list of the major gainers, shares of HDFC Bank and Reliance Industries offer support to the benchmarks. It is supported by the steady institutional inflows. IT stocks display mixed trends, with Infosys observing the mild buying interest after new declines. Auto stocks also saw selective traction, supported by the advances in Tata Motors.
However, in the broader markets, a mixed performance has been observed as the mid-cap and small-cap stocks face irregular selling pressure. On the other hand, banking and energy counters outperformed, the FMCG and metal stocks traded with a negative bias.
Going ahead, traders will strongly track foreign institutional investor flows, crude oil prices, and forthcoming macroeconomic indicators. It is expected to get stock market fluctuations and influence market direction in the coming sessions.
