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Sensex dips slightly; Nifty inches up 1 point

The Sensex dipped 4.40 points, or 0.01%, to close at 82,555.44. During the day, it fell by 159.08 points, or 0.19%, to a low of 82,400.76. The Nifty added 1.15 points to finish at a record 25,279.85.

News Arena Network - Mumbai - UPDATED: September 3, 2024, 04:43 PM - 2 min read

Sensex dips slightly; Nifty inches up 1 point

Sensex dips slightly; Nifty inches up 1 point

The 50-stock Nifty closed higher for the 14th consecutive session, while the 30-share BSE Sensex halted its 10-day rally.


Benchmark indices BSE Sensex and Nifty 50 ended Tuesday’s trading session on a muted note amid subdued sentiment and a lack of major triggers.

 

The markets remained rangebound and in the red for most of the day as investors awaited the release of US manufacturing data and jobs data later in the week, which are anticipated to shed light on the likelihood of a rate cut by the US Federal Reserve.

 

The BSE Sensex, which traded in negative territory for much of the day, fell by 4.40 points, or 0.01 per cent, to close at 82,555.

 

In contrast, the Nifty 50 gained 1.15 points, marking its 14th consecutive session in the green. It closed nearly flat at 25,280.

 

Out of the 50 stocks in the Nifty 50, 21 ended higher. The top gainers included SBI Life, Bajaj Finserv, ICICI Bank, HDFC Life, and Hero MotoCorp, with gains of up to 1.72 per cent.

 

On the downside, Bajaj Finance, ONGC, Infosys, Adani Ports & SEZ, and HCLTech were the top losers, falling up to 1.36 per cent.

 

In the BSE Sensex, 12 of the 30 stocks closed in positive territory. ICICI Bank, Bajaj Finserv, Titan, HDFC Bank, and Nestle India were the primary gainers, while Bajaj Finance, Infosys, Adani Ports & SEZ, JSW Steel, and HCLTech led the losses.

 

Meanwhile, broader market indices bucked the trend of the frontline indices and ended the day higher. The BSE SmallCap index rose by 0.54 per cent, and the BSE MidCap index gained 0.19 per cent.

 

Sector-wise, the Consumer Durables index was the top performer, followed by Bank and Financial Services. In contrast, the Media index was the biggest laggard, trailed by Metal, Realty, and Oil & Gas sectors.

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