Sensex Today: Indian benchmark indices ended on flat note in the highly volatile session on December 28. The S&P BSE Sensex dipped to a low of 60,714 in early trades, and then rallied to a high of 61,075 – 361 points from the day’s low led by gains in auto, consumer durables and energy shares. The Sensex finally ended on a flat note at 60,910 – down 17 points.
The NSE Nifty 50 tested a high at 18,173, but eventually settled 10 points lower at
18,122.
Among the Sensex 30 shares, Titan gained nearly 3 per cent. Mahindra & Mahindra, PowerGrid Corporation and Maruti were the other major gainers, up 1 – 2 per cent each. On the other hand, Bharti Airtel, Axis Bank, Bajaj Finserv and Tata Steel were down over a per cent each.
The broader markets for the third straight day outperformed the benchmark index. The BSE Midcap index advanced 0.2 per cent, while the Smallcap index added 0.4 per cent. The overall market breadth was positive, with around 2,075-odd shares up as against 1,400 stocks declining on the BSE.
Sectorally, the BSE Consumer Durables index moved 1.4 per cent higher. The Power and Energy indices were the other major movers. On the flip side, the metal and healthcare shares softened in trades on Wednesday.
That apart, select shares of PSU Bank stocks extended gains for the third straight day, with the Nifty PSU Bank index was up 11 per cent during this period.
Global Cues
Globally, the US markets were subdued overnight as NASDAQ Composite index declined the most, over 1 per cent. The drop comes after Tesla tumbled 11 per cent due to reports of continued production pause at the Shanghai facility. Dow Jones, on the other hand, closed flat whereas the S&P 500 fell 0.4 per cent.
Asia-Pacific markets, meanwhile, lowered this morning, with Nikkei 225, Topix, Kospi, and the S&P 200 indices dropping up to 1 per cent.
In the commodities market, prices of Brent Crude and WTI Crude climbed marginally to $84 per barrel, and $79 per barrel, respectively, after Russia banned exports of crude oil to countries that imposed a price cap.
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