Sensex, Nifty close flat as auto, consumer stocks offset slide in financials

Posted on:
Key Points

BENGALURU: Indian shares were little changed on Wednesday as a rise in auto and consumer stocks offset the slide in high-weightage financials...

Both the indexes had hit all-time highs at each of the four previous sessions...

Among individual stocks, Hero MotoCorp extended gains to a fresh two-year high on the launch of a bike developed with Harley Davidson, while rival Bajaj Auto advanced 5.72% after launching two 400 cc bikes in partnership with UK's Triumph Motorcycles...

Broader indexes outperformed their larger peers, with smallcaps and midcaps rising over 0.7% each to log new 52-week and record highs, respectively...

"While the medium-term and long-term outlook for domestic equities remain promising, it would be prudent for investors to exercise caution after the recent rise to all-time highs," said G Chokkalingam, managing director for research at Equinomics Research...

You might be interested in

Sensex, Nifty touch all-time high levels in early trade, Adani stocks lead gains

28, Jun, 23

Markets News: Benchmark equity indices Sensex and Nifty hit their record high levels in early trade on Wednesday amid a rally in the US markets and fresh foreign f

IT, metals drag Sensex, Nifty down

01, Nov, 23

India Business News: Indian shares fell due to weak economic data from China and rate worries ahead of the US Federal Reserve's policy decision. The NSE Nifty 50 index and

Sensex, Nifty close flat as metals offset slide in consumer stocks

25, Jul, 23

India Business News: Indian shares remained mostly unchanged on Tuesday as the rise in metal stocks was offset by the slide in consumer stocks. Seven of the 13 major secto

Nifty 50, Sensex drop on profit-taking near record highs

19, Jun, 23

India's blue-chip Nifty 50 and Sensex indexes declined on Monday due to profit-taking as they approached their all-time highs, although the broader indexes extended their rally to record levels.

Sensex surges 450 points, hits fresh record high; Nifty above 19,050

30, Jun, 23

Indian shares rose on Friday, with the benchmarks scaling new all-time highs on improved sentiment following robust economic data from the U.S., which eased fears of a slowdown. The midcaps and smallcaps hovered around fresh record and 52-week highs,

Sensex, Nifty end weaker in volatile session; HDFC twins fall

05, Jul, 23

The Nifty index closed marginally higher at 19,398.50, while the S&P BSE Sensex slipped slightly to 65,446.04. The broader market outperformed the larger peers.

SGX Nifty down 35 points; here's what changed for market while you were sleeping

02, May, 23

Asian stocks rose as trading resumed in most of the regions markets following a holiday on Monday. Investors are weighing JPMorgan Chase & Co.s purchase of First Republic Bank along with expectations the Federal Reserve will hike interest rates once again this week. MSCI Inc.s Asia Pacific Index climbed 0.3%, supported by shares in Hong Kong that gained at the open.

Financials, consumer stocks drag sensex, Nifty to third weekly loss

11, Aug, 23

India Business News: Indian shares fell for the third consecutive week, with financials and consumer stocks leading the losses. The Nifty 50 index ended 0.59% lower at 19,

Earnings-driven gains in key stocks help sensex, Nifty cap losses

19, Oct, 23

Indian shares fell on Thursday, driven by global stock selloffs due to tensions in the Middle East. However, gains in key Nifty 50 constituents limite

LTIMindtree to replace HDFC in Nifty 50 index

12, Jul, 23

Many investors bought the stock in anticipation of a rally due to an inflow from the passive funds. Analysts said shares of companies that are due to be part of a main index surge because of buying by passive funds, whose portfolios are linked to the stock weights of a benchmark index.