The Indian fairness benchmarks ended on a flat be aware on Friday as positive factors in index heavyweight Reliance Industries, Asian Paints, ITC, Larsen & Toubro and Hindustan Unilever had been offset with losses in HDFC Bank, Tata Consultancy Services, Infosys, State Bank of India and HDFC. For most a part of the day, the benchmarks traded in a slender vary whereby the Sensex moved in a spread of 425 factors and Nifty 50 index touched an intraday excessive of 14,749.65 and low of 14,591.90.
The Sensex ended 42 factors or 0.09 per cent larger at 48,733 and Nifty 50 index declined 19 factors to shut at 14,678.
All the 11 sector gauges compiled by the National Stock Exchange, barring the index of FMCG shares ended decrease led by the Nifty Metal index’s practically Four per cent fall. Metal inventory succumbed to profit-booking after staging a robust upmove. Nifty Auto, Media, Pharma, PSU Bank, and Bank indices additionally fell between 1-2 per cent.
Mid- and small-cap shares additionally confronted promoting stress as Nifty Midcap 100 index dropped 1.7 per cent and Nifty Smallcap 100 index declined 1.5 per cent.
Among the person shares, Apollo Tyres fell as a lot as 7.37 per cent to hit an intraday low of Rs 204.70 regardless of it reported a soar of 268 per cent in internet revenue in quarter ended March 2021. Apollo Tyres consolidated internet revenue got here in at Rs 289 crore in contrast with Rs 78 crore within the corresponding interval final yr. Its gross sales jumped 39 per cent to Rs 4,927 crore in contrast with Rs 3,551 crore in the identical quarter final yr.
Asian Paints was prime Nifty gainer, the inventory rose 8.44 per cent to shut at Rs 2,772 after it reported soar of 81 per cent in standalone internet revenue for quarter ended March 2021. Asian Paints internet revenue got here in at Rs 820 crore in contrast with Rs 452 crore throughout the identical quarter final yr. Its income from operations superior 46 per cent to Rs 5,671 crore as towards 3,879 crore within the corresponding interval a yr in the past.
UPL, ITC, Nestle India, Larsen & Toubro, Hindustan Unilever, Britannia Industries, Power Grid, Reliance Industries, Tata Consumer Products, Cipla and SBI Life rose between 0.6-7 per cent.
On the flipside, Coal India, Tata Steel, Tata Motors, Hindalco, IndusInd Bank, Grasim Industries, Mahindra & Mahindra, Adani Ports, State Bank of India, NTPC, Wipro and Dr Reddy’s Labs had been among the many losers.
The total market breadth was unfavorable as 1,688 shares ended decrease whereas 1,401 closed larger on the BSE.