The stock market on Tuesday ended in the red on profit booking in the fag-end of the session tracking weak global cues. At close, Sensex closed at 80,157.88, down 207 points, or 0.26 per cent, while the Nifty 50 ended the day with a loss of 45 points, or 0.18 per cent, at 24,579.60. BSE Midcap and Smallcap indices outperformed, rising 0.27 per cent and 0.64 per cent, respectively. The overall market capitalisation of BSE-listed firms rose to nearly Rs 450 lakh crore from nearly Rs 449 lakh crore in the previous session.
Among the sectors, Nifty FMCG was up 1.12 per cent, Media up by 0.98 per cent, Metal up by 0.85 per cent, Realty up by 0.72 per cent, and Oil and Gas up 0.62 per cent. Further, the banking and financial services indices ended as the top losers as the Nifty Bank fell 0.63 per cent, while the Financial Services index dropped by 0.66 per cent. Nifty Private Bank index suffered a loss of 0.70 per cent. However, the PSU Bank index rose 0.28 per cent.
On Nifty, around 26 stocks ended higher as shares of Tata Consumer was up 2.77 per cent, Nestle India up by 2.22 per cent, and Power Grid Corporation up 2.20 per cent ending as the top gainers. Those ending as the top losers were Dr. Reddy’s Laboratories down 2.34 per cent, Mahindra & Mahindra down 2.33 per cent, and ICICI Bank down by 1.42 per cent. Around 124 stocks hit their 52-week high while in contrast, 64 stocks touched 52-week lows.
Those on the highs included Bosch Ltd, Eicher Motors Ltd, HBL Engineering Ltd, Maharashtra Scooters Ltd, MRF Ltd, Star Cement Ltd, TVS Motor Company Ltd, and UNO Minda Ltd. Among the lows, notable mentions included Deepak Nitrite Ltd, Five-Star Business Finance Ltd, Praveg Ltd, Sprayking Ltd, Vikas EcoTech Ltd, Vishal Bearings Ltd, and Vishnu Prakash R Punglia Ltd. On the global scale, Wall Street futures were trading in red with Dow trading 200 points lower and Nasdaq and S&P 500 were trading 0.64 per cent and 0.5 per cent lower, respectively. Markets expect the Fed to lower interest rates later this month