Stock market ended flat amid volatility; Nifty settles under 19400, Sensex ends flat.

Stock market ended flat amid volatility; Nifty settles under 19400, Sensex ends flat.

Ira Singh
22 Aug’23

The Indian equity market indices concluded on a flat note on Tuesday amid concerns over U.S. interest rates and China’s economic health,although the mid-cap index rallied to a fresh record on brighter domestic prospects.

At close,the Sensex was up 3.94 points or 0.01 percent higher at 65,220.03, and the Nifty settled at 2.85 points or 0.01 percent higher to end at 19,396.45.

Stocks and Sectors

Adani Enterprises, HDFC Life, ITC, NTPC and Hero MotoCorp were among the top gainers on the Nifty, while losers included BPCL, Cipla, Bajaj Finserv, Eicher Motors and TCS.

On the sectoral front,except Information Technology, Pharma and PSU Bank, all other indices ended in the green with Capital Goods and Power adding 1 percent each, while Metal and FMCG rose 0.5 percent each.

The BSE midcap and smallcap indices rose one percent each.

On 22 Aug’23,the Indian rupee rises 19 paise to close at 82.94 against the US dollar as the American currency retreated from its elevated levels.

Experts Take:
Market experts have recommend six stocks to buy for Tuesday-Eicher Motors, ACC, Axis Bank, Tata Motors, Anand Rathi and TV18 Broadcast.