Sensex, Nifty conclusion Flat; IT stocks Underperform, Auto shares gain

The Indian fairness benchmarks ended on a flat word on Monday as positive aspects in auto, banking, oil & gasoline, realty and power shares changed into offset with losses in fresh outperforming guidance expertise shares. The benchmarks staged a gap up opening with both the Nifty and Sensex touching record highs. The Sensex touched list high of 60,412.32 and Nifty 50 index hit an all-time high of 17,943.50. although, the indices gave up beneficial properties in the first hour of opening to change in a range certain manner.

The Sensex ended 29 elements greater at checklist high of 60,077.88 and Nifty 50 index rose 2 elements to shut at an all-time high of 17,855.

Reliance Industries became the proper mover in the Sensex, the inventory touched an all-time excessive of Rs 2,529, with surge in Reliance's stock fee its market capitalisation crossed Rs 17 lakh crore.

Ten of 15 sector gauges compiled by using the country wide inventory alternate ended higher led by means of the Nifty Auto index's 3.2 per cent benefit. Auto stocks witnessed purchasing ahead of month-to-month sales figures due on October 1. Nifty financial institution, Media, private bank, Oil & gas and Realty indices also rose between 1-3 per cent.

on the other hand, Nifty advice technology index dropped virtually three per cent as traders booked gains in lately outperforming IT shares, analysts stated.

FMCG, Pharma, Healthcare and consumer long lasting indices also closed with a terrible bias.

Mid- and small-cap shares closed in-line with their better peers as Nifty Midcap a hundred index ended on a flat observe and Nifty Smallcap one hundred index slipped 0.12 per cent.

Maruti Suzuki changed into suitable Nifty gainer, the inventory rose 6.forty four per cent to close at Rs 7,400. Mahindra & Mahindra, Tata Motors, ONGC, Hero MotoCorp, Bajaj Auto, NTPC, Reliance Industries, HDFC bank, Bharat Petroleum and UltraTech Cement also rose between 1.5-4.3 per cent.

On the flipside, HCL technologies, Tech Mahindra, Wipro, Divi's Labs, Bajaj Finserv, Infosys, Eicher Motors, Larsen & Toubro, JSW steel, Nestle India, Hindustan Unilever and IndusInd bank fell between 1-four per cent.

The general market breadth turned into neutral as 1,716 shares ended lessen whereas 1,638 closed bigger on the BSE.

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