INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The domestic equity indices consolidated around all-time high levels to end on a flat note, as investors chose to stay light
ahead of the crucial Sino-US trade talks scheduled for later in the week
Trading was also thin ahead of the Indian public holiday on Wednesday
The stock market will be shut on Wednesday on account of Eid al-Adha
The 30-share-index BSE Sensex settled the day 7 points, 0.02 per cent, higher at 38,285.75
It hit an intraday record high of 38,402.96 in early morning trade
NSE's Nifty index ended the session at 11,570.90, up 19.15 points or 0.17 per cent with 25 stocks ending the session in the green and the
The 50-share index scaled an all-time high of 11,581.75 intraday.
"Tracking positive global cues, the equity benchmark indices scaled to a
new record high, but trimmed some of its gains in the last hour of trade to end the session on a flattish note
While the underlying sentiments remain positive, some consolidation cannot be ruled out in the near term post a smart upmove over the last
few sessions", Jayant Manglik, President, Religare Broking said in a note.
The movement of crude oil prices and rupee, progress of monsoon
and global developments, especially the progress on the US-China trade talks, will be closely monitored
Traders investors should remain selective in their stock picking, added Manglik.
Coal India (up 2.59 per cent), Axis Bank (1.92 per cent),
NTPC (1.70 per cent), Sun Pharma (up 1.69 per cent), Wipro (1.48 per cent), Reliance (0.92 per cent) and ONGC (0.79 per cent) were among the
However, Tata Motors emerged to be the biggest index loser
The scrip shed 2.68 per cent to close at Rs 582.25
Hindustan Unilever, Vedanta, MM, Bharti Airtel and YES Bank were among other Sensex losers and shed up to 1.30 per cent.
Among sectoral
indices, Nifty IT, Nifty Media and Nifty Pharma managed to log gains
The Nifty Realty index bled the most to end the day 1.80 per cent lower at 272.85
Globally, European shares steadied in early trading on Tuesday as caution settled in before trade talks between the United States and
China, though a weaker dollar boosted shares in international earners and commodities sectors, Reuters reported.
