Press "Enter" to skip to content

Nifty, BSE Sensex Give Up Gains to End Flat; Volatility Might Continue Tomorrow – India

By Aditya Raghunath — As predicted in the pre-market report today, Indian markets were very volatile. After touching a high of 50,959 in early morning trade, the closed almost flat at 50,441, after falling into negative territory at one point. It was the same with , which rose to a high of 15,111 before closing only 18 points up at 14,956.

The top gainers on Nifty were UPL Ltd (NS:) (up 7.08%), GAIL Ltd (NS:) (4.25%) andLarsen & Toubro Ltd (NS:) (up 3.42%). The losers were led by IndusInd Bank Ltd. (NS:) (down 2.22%), Shree Cements Ltd. (NS:) and Bajaj Finance Ltd (NS:), both of whom lost over 2% each. ended up 0.14%.

However, the real stars of the day were PSBs (public sector banks) with Indian Overseas Bank (NS:) and Bank of Maharashtra Ltd (NS:) both hitting 10% upper circuits followed by Bank of India Ltd (NS:) with a gain of 6.05% as news of privatization drove buying in them.

Oil prices continue to be volatile thanks to the attack on Saudi Arabia’s facilities. prices are down to $65.88 after getting close to the $70 mark earlier today.

Asian markets ended down today with down 0.42%, down 1% and the down 2.3%.

US futures are down with , and losing 0.27%, 0.78% and 1.83% respectively at the time of this report. These could be indicators that US markets will open lower as well which could lead to a red opening for India tomorrow.