Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag
The Hindu
BSE Sensex and NSE Nifty close lower amid global market trends, with major laggards and gainers identified.
Benchmark indices Sensex and Nifty edged lower on Tuesday (October 1, 2024), extending the losing run to the third day amid profit-taking in oil & gas and select FMCG shares.
The BSE Sensex dipped 33.49 points or 0.04% to settle at 84,266.29. During the day, it hit a high of 84,648.40 and a low of 84,098.94.
The NSE Nifty closed marginally lower by 13.95 points or 0.05% to 25,796.90.
Muted trends in global markets and heavy foreign fund outflows weighed on investor sentiment, analysts said.
From the 30 Sensex firms, IndusInd Bank, Asian Paints, Hindustan Unilever, Tata Motors, Tata Steel, Titan, Reliance Industries and NTPC were among the major laggards.
Tech Mahindra, Mahindra & Mahindra, Kotak Mahindra Bank, Infosys, HCL Technologies and State Bank of India were among the major gainers.
In Asian markets, Tokyo settled higher. South Korea, Hong Kong and mainland Chinese markets are closed for a public holiday on Tuesday (October 1, 2024). Markets in mainland China will be closed for the rest of the week due to holiday.
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