Markets End Flat As Caution Prevails After Brexit

Subscribe to GoodReturns

Amidst choppy trade, the Indian benchmark indices signed-off Monday"s trade with slim gain helped by strong buying across broader market as markets struggled to shake off Brexit that continues to roil trading sentiment at Dalal Street.

Markets End Flat As Caution Prevails After Brexit

Meanwhile, caution and volatility ahead of the Futures & Options (F&O) contract expiry for the month of June also influenced domestic bourses. However, the forecast of an extended monsoon season boosted market sentiment, pushing cement makers and agriculture-related stocks higher.

The BSE SENSEX closed flat at 26402.96, up by 5.25 points or by 0.02 per cent, and the NSE Nifty ended at 8094.7, up by 6.1 points or by 0.08 per cent.

In the volatile trade, the BSE Sensex touched intraday high of 26493.51 and intraday low of 26262.72, while the NSE Nifty touched intraday high of 8120.65 and intraday low of 8039.35.

Outperforming the benchmark indices, the broader market zoomed higher with the BSE MIDCAP closing trade at 11404.05, up by 90.64 points or by 0.8 per cent, while the BSE SMLCAP settled at 11449.75, up by 171.12 points or by 1.52 per cent.

The top gainers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 3246.00,+3.04%), State Bank of India (Rs. 217.10,+2.77%), Sun Pharmaceutical Industries Ltd. (Rs. 773.90,+2.67%), Cipla Ltd. (Rs. 489.00,+2.62%), Larsen & Toubro Ltd. (Rs. 1467.50,+2.36%), among others.

Meanwhile, Tata Consultancy Services Ltd. (Rs. 2495.35,-2.93%), Infosys Ltd. (Rs. 1166.25,-2.37%), Asian Paints Ltd. (Rs. 974.05,-1.48%), Wipro Ltd. (Rs. 549.10,-1.23%), Bharti Airtel Ltd. (Rs. 350.70,-1.07%), were among top losers on BSE.

On the sectoral front, rate sensitive healthcare and capital goods stocks emerged as top gainers, adding as much as 2.01 per cent and 1.62 per cent respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2943, shares advanced were 1908 while 840 shares declined and 195 were unchanged.

On the global front, most of the Asian stocks ended in green, barring Hang Seng, with China"s Shanghai Composite closed 1.45 per cent higher after the People"s Bank of China weakened the yuan fixing by the most since August in response to the surge in the dollar. Japan"s Nikkei 225 gained 2.4 per cent, rebounding from the biggest drop since the aftermath of the 2011 earthquake as the yen steadied following its largest jump since 1998 and as Prime Minister Shinzo Abe issued instructions to calm markets following the UK"s stunning decision to quit EU.

Read more about: sensex, nifty
Story first published: Monday, June 27, 2016, 16:36 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?