Mumbai, June 10 (IANS). The Indian stock market closed flat in Tuesday’s trading session. At the end of the day, the Sensex declined by 53.49 points to 82,391.72 and the Nifty with one point at 25,104.25.
The business session saw purchases in IT shares. The Nifty IT index gained 1.67 percent. Pharma, FMCG, metal, media, energy and commodities were closed in the green mark. Auto, PSU Bank, Financial Services, Realty and Infra Index were in red mark.
The Sensex pack featured Tech Mahindra, Tata Motors, Infosys, HCL Tech, UltraTech Cement, TCS, ITC, Axis Bank, Nestle and Adani ports top gainers. Maruti Suzuki, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank and Reliance Industries were the top loosers.
Like largecap, midcap and smallcap also closed almost flat. The Nifty Midcap 100 index rose 6.45 points to 56,681.40 and the Nifty Smallcap 100 index increased by 26 points or 0.14 percent to 18,899.80.
LKP Securities, Senior Technical Advisor Roopak De says Nifty is trading above its previous consolidation zone on daily timeframe. There is a possibility of positive sentiment in the market at the moment, as long as the index will remain above the major support level of 24,850.
He further said that in the event of fast, the Nifty can go up to a level of 25,350 in the short period and if it breaks this level, it can be seen further rally.
The market started rapidly. At 9.17 am, the Sensex rose by 28.49 points or 0.03 percent to 82,473.70, and the Nifty rose 21.15 points or 0.08 percent to 25,124.35.
Foreign institutional investors (FIIs) continued their purchases for the second day and bought shares of Rs 1,992 crore on Monday, while domestic institutional investors (DIIs) also continued their purchases on the 15th day and bought shares of Rs 3,503 crore on the same day.
-IANS
ABS/
