Sensex, Nifty settle on a mixed note in volatile trade

In a lacklustre trading, the 30-share BSE Sensex dipped 9.37 points or 0.01% to settle at 62,970

Benchmark equity indices Sensex and Nifty closed on a mixed note in a volatile trade on June 26 amid weak trends in the global markets.

While auto, IT and pharma shares advanced in a restricted trade, selling in index heavyweight Reliance Industries, HDFC twins and Tata Consultancy Services capped the gains.

In a lacklustre trading, the 30-share BSE Sensex dipped 9.37 points or 0.01% to settle at 62,970, logging its third day of decline. During the day, it hit a high of 63,136.09 and a low of 62,853.67.

The NSE Nifty edged up by 25.70 points or 0.14% to settle at 18,691.20. It moved between 18,722.05 points and 18,646.70 in the day trade.

"The global market exhibited a negative bias as concerns regarding economic growth emerged in light of the political instability in Russia. This instability led to an increase in oil prices, driven by worries over potential supply disruptions, given Russia's status as one of the largest oil producers," said Vinod Nair, Head of Research at Geojit Financial Services.

On the domestic front, the market experienced limited downside as the pharma and auto sectors provided support, he added.

From the Sensex pack, Tata Consultancy Services, Reliance Industries, NTPC, Bharti Airtel, Power Grid, Larsen & Toubro, HDFC Bank, Kotak Mahindra Bank, Tech Mahindra and HDFC were the major laggards.