Sensex, Nifty settle almost flat in lacklustre trade
The Hindu
Sensex and Nifty close flat as investors wait for triggers, with select blue-chip stocks seeing profit booking.
Benchmark equity indices Sensex and Nifty ended on a flat note in a lacklustre trade on Monday (August 19, 2024), as investors preferred to remain on the sidelines awaiting further triggers.
Participants also booked profits in select blue-chip stocks amid high valuation concerns, according to experts.
In a range-bound trade, the 30-share BSE Sensex slipped 12.16 points or 0.02% to settle at 80,424.68. During the day, it hit a high of 80,724.40 and a low of 80,332.65.
The NSE Nifty edged up 31.50 points or 0.13% to 24,572.65 in a volatile trade.
Among the 30 Sensex firms, Mahindra & Mahindra, IndusInd Bank, Bharti Airtel, Axis Bank, Tata Motors and ICICI Bank were the biggest laggards.
In contrast, Tata Steel, Tata Consultancy Services, NTPC, JSW Steel, Asian Paints and Reliance Industries were gainers.
“The Indian market failed to catch up with the initial gains as there is a degree of profit booking witnessed in auto stocks due to a slowdown in demand,” said Vinod Nair, head of research, Geojit Financial Services.
