The stock market recovered from the day’s low to end with little change in the volatile session after the rebound in metal, banking, and broader indices.
At close, the Sensex was down 94.73 points, or 0.11%, at 83,216.28, and the Nifty shed 17.40 points, or 0.07%, at 25,492.30. Broader indices also recovered nearly 1.5% from the day’s low, with the BSE midcap index rising 0.2% and smallcap index ending on a flat note.
Among the sectors, the Nifty PSU Bank index led the charge, surging 0.85%. It was followed by Nifty Auto, Nifty Private Bank, Nifty Realty, and Nifty Oil & Gas, all closing with gains of up to 1.40%.
Further on the flip side, the Nifty Consumer Durables index emerged as the top laggard, falling 0.71%, followed by the Nifty IT index, which declined 0.60%. The Nifty FMCG index also came under pressure, slipping 0.47%.
On the Nifty, around 30 stocks ended higher. Some of the key performers were Shriram Finance (up 3.81%), Bajaj Finance (up 2.66%), and Adani Enterprises (up 2.61%). Those ending as top losers were Bharti Airtel (down 4.46%), Tata Consumer Products (down 1.97%), and Tech Mahindra (down 1.87%).
For the entire week, the BSE Sensex and Nifty shed nearly 1% each.
Out of 4,315 stocks traded on the BSE, 2,069 advanced, while 2,105 declined. Some 141 stocks remained unchanged.
On the BSE, 132 stocks hit their 52-week highs, while 209 stocks hit their 52-week lows in intraday trade.
Those hitting highs were Shriram Finance, SBI Life Insurance Company, AU Small Finance Bank, Cummins India, and Aditya Birla Capital. Those touching 52-week lows were Jindal Saw, Clean Science and Technology, Cohance Lifesciences, Crompton Greaves Consumer Electricals, Godrej Agrovet, Deepak Nitrite, Indian Hotels Company, and Tejas Networks.
Banking names, including Bank of Maharashtra, IDBI Bank, Jammu & Kashmir Bank, AU Small Finance Bank, Union Bank of India, Central Bank of India, and Indian Overseas Bank, closed with gains ranging between 2% and 4%.
Shares of Bharti Airtel slipped 4% post-block deal of 5.1 crore shares.
Asian peers, including Korea’s Kospi, Japan’s Nikkei, and Hong Kong’s Hang Seng, fell up to 2%. European majors like the UK’s FTSE, France’s CAC 40, and Germany’s DAX were trading in the red when the Sensex closed.