Sensex, Nifty today: Market heavyweight Reliance Industries Ltd fell as much 1.3%.Domestic stock markets closed on a flat note on Tuesday as gains in material stocks were offset by losses in energy and industrials.
The SP BSE Sensex dropped 26.09 points, or 0.07 per cent, to close at 37,665.80, thus retreatingfrom record highs hit earlier in the session.
Investors booked profit in recent gainers such as Reliance Industries, Adani Ports and SBI, resulting in volatile trading of Sensex today.
Meanwhile, the NSE's Nifty50 index rose 2.35 points or 0.02 per cent to settle at 11,389.45,extendingits record run for a third straight session.Intra-day, it hit a new high of 11,428.95 and a low of 11,359.70.Top laggards on the BSE index were Tata Motors, Sun Pharma, ONGC, SBIN, Coal India and Adani Ports, ending between 1.12 per cent and 6.49 per cent lower.
Reliance, Adani Ports, SBIN and ICICI Bank majorly contributed to the losses in Sensex.
Prominent losers on NSE index were Adani Ports, Coal India, Hindustan Petroleum, BPCL and Cipla, ending with losses between 1.55per cent and 6.08per cent."Markets opened on a positive note today and hit fresh highs, however, the sentiment during the day was dampened a bit by muted results from a couple of large companies.
Hence, resulting in a flat closing", saidViral Berawala, CIO, Essel Mutual Fund.Punjab National Bank (PNB)shares fell as much as 3.8 per cent today after the announcement of earnings.
The bank reported its second consecutive quarter of loss.
Net loss was Rs.
940 crorefor the three months to June 30.Shares of Adani Ports Special Economic Zone fell over 6 per cent in their biggest intraday percentage drop since March 7 after the company reported a 9 per cent drop in quarterly profit on Monday.Market heavyweight Reliance Industries Ltd fell as much 1.3 per cent.
State-run lender Syndicate Bank Ltd's shares fell as much as 4.2 per cent to 42.25 rupees, their biggest daily percentage fall in nearly three weeks.Meanwhile, major gainers in the Sensex pack were Tata Steel, Asian Paints, NTPC, Vedanta, Maruti, Yes Bank, rising between 1.05per cent and 3.61 per cent.
Tata Steel, Titan, Bajaj Finance, Eicher Motors and Asian Paints (rising between 1.98 per cent and 4.02 per cent) led the gains in Nifty.Tata Steel Ltd ended 3.6 per cent higher, at its steepest close since June 12, while the Nifty Metal Index closed 1.16 per cent firmer.Foreign portfolio investors (FPIs) bought shares worth a net of Rs 248.709 crore, while domestic Institutional Investors (DIIs) made purchases worth a net of Rs 218.64 crore on Monday, provisional exchange data showed.(With Agencies inputs)