Amid volatility, the domestic stock market closed flat at the end of trading on Tuesday. The leading indexes of the Indian stock market, i.e. Sensex and Nifty 50, closed flat amid mixed global cues. Meanwhile, the midcap and smallcap segments continued to outperform the benchmarks despite concerns over their high valuations. Nifty 50 opened at 24,839.40 against its previous close of 24,836.10 and touched its intraday high and low levels of 24,971.75 and 24,798.65 respectively.
21 stocks remained in the green mark
According to the news, the index finally closed 21 points higher at 24,857.30, with 21 stocks in the green. The Sensex opened at 81,349.28 against its previous close of 81,355.84 and touched its intraday high and low of 81,815.27 and 81,230.44, respectively. The 30-share index closed 100 points higher at 81,455.40, with 16 stocks in the green.
total market capitalization increased
The BSE midcap index rose 0.27 per cent, while the smallcap index gained 0.88 per cent. The total market capitalisation of BSE-listed firms rose to nearly Rs 461 lakh crore. 351 stocks, including NTPC, Power Grid, Tata Motors, BPCL, Colgate-Palmolive (India), Marico and Lupin, hit their fresh 52-week highs in intraday trade on the BSE.
Meanwhile, crude oil prices fell to a seven-week low on weak demand outlook. Benchmark Brent crude futures fell to $79.70 amid growing concerns about weak demand from China, the world’s second-largest economy. Global cues were mixed as the US Fed begins its policy meeting today. The Fed is expected to keep rates unchanged this time, but market participants will be looking for cues that support expectations that rate cuts may begin in September.
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