Nifty Sees Mild Gains Amid Volatile Trade; Smallcaps Suffer| ITC, Zomato In Focus| Closing Bell

Live: Nifty Sees Mild Gains Amid Volatile Trade; Smallcaps Suffer| ITC, Zomato In Focus| Closing Bell

Nifty dips below 22,400, smallcaps tumble 2%. Despite Nifty Bank pressure, HDFC Bank shines. Broader markets face pain, realty index plunges 4%. IT sector gains while ITC sees biggest drop in 8 months. Top gainers: HDFC Bank, TCS, Maruti; losers: Cipla, SBI. Catch Nandita Khemka and Yatin Mota as they discuss the stocks on their radar

Taking Stock: Nifty ends flat, Sensex up 165 points amid volatility ahead of US inflation data

On the sectoral front, except IT all other indices ended in the red with realty index down nearly 3.5 percent, PSU Bank and Media indices down 2 percent each, while capital goods, FMCG, healthcare, metal and power indices fell 1 percent each.

In yet another volatile session on March 12, the Indian benchmark indices ended on a mixed note with BSE Sensex rising 165.32 points or 0.22 percent at 73,667.96, while the Nifty gained three points or 0.01 percent at 22,335.70.

Investors will keep an eye on release of US inflation data tonight, to get hints on when Federal Reserve will commence its rate cut cycle.

After a flat to positive start, the market extended the gains as the day progressed but witnessed profit booking amid selling across the sectors barring Information Technology names.

Top gainers on the Nifty included HDFC Bank, TCS, LTIMindtree, Maruti Suzuki and Infosys, while losers were Adani Enterprises, Cipla, Grasim Industries, Adani Ports and SBI.

On the sectoral front, except IT all other indices ended in the red with realty index down nearly 3.5 percent, PSU Bank and Media indices down two percent each, while capital goods, FMCG, healthcare, metal and power indices fell one percent each.

BSE Midcap index was down 1.3 percent and Smallcap index shed two percent.

Among individual stocks, a volume spike of more than 200 percent was seen in Aditya Birla Capital, Indiamart Intermesh, Oracle Financial Services Software.

A long build-up was seen in Balkrishna Industries, Aditya Birla Capital, Indiamart Intermesh, while a short build-up was seen in DLF, NALCO and Bharat Electronics.

Source: Money Control