Stock market today: Sensex, Nifty 50 end flat; BSE Midcap, Smallcap indices close higher

Key equity indices traded volatile during the session, reflecting cautious market sentiment ahead of the Lok Sabha election outcome on June 4. Experts said foreign portfolio investors (FPIs) are selling Indian equities ahead of the election outcome, a trend seen in the past, too.

Also Read: Stock market today: 5 reasons why stock market is falling ahead of Lok Sabha election outcome

However, investors have also been buying stocks amid the recent correction as they remain positive about the Indian market’s medium- and long-term prospects.

Sensex closed at 73,466.39, down 45 points, or 0.06 per cent, while the Nifty 50 settled flat at 22,302.50.

15 stocks in the Sensex index closed higher, while an equal number closed with losses. 

In terms of index contribution, shares of Reliance Industries, Larsen and Toubro, Tata Motors, SBI, and NTPC were the main contributors supporting the Sensex index. In contrast, shares of HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, and Asian Paints were the top drags on the index.

Also Read: ITC, HDFC Bank, Paytm among 300 BSE 500 stocks that are over 10% below their 52-week highs. Time to cut equity exposure?

While the equity benchmarks witnessed volatility, mid and smallcap segments saw decent buying. BSE Midcap and Smallcap indices ended 0.78 per cent and 0.50 per cent higher, respectively.

ABB India, Bharat Forge, Escorts, Godrej Consumer Products, Hindustan Zinc, Marico, Siemens and United Spirits were among the 150-odd stocks that hit their fresh 52-week highs in intraday trade on BSE.

(More to come)

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Published: 08 May 2024, 03:34 PM IST