Sensex, Nifty end volatile trade on a flat note; RIL gains offset by HDFC Bank losses
The 30-share BSE benchmark Sensex dipped by 45 points or 0.06% to settle at 73,466, while the NSE Nifty50 closed just above the 22,300 level.
After swinging between gains and losses throughout the day, Indian settled flat on Wednesday, as the gains from and L&T were offset by losses from and .The 30-share Sensex dipped by 45 points or 0.06% to settle at 73,466, while the NSE Nifty50 closed just above the 22,300 level.
From the pack, , , , HDFC Bank, , and were top laggards, falling 1-2%. On the other hand, Tata Motors, Power Grid, NTPC, L&T, and Maruti ended with gains.
On the sectoral front, surged 1.5%, led by after the company reported a 78% YOY jump in consolidated net profit in Q4.
Meanwhile, Oil and Gas rose 1.7%. GAIL and IGL were the biggest gainers on the index, adding 4.6% and 3.6%, respectively.
Among individual stocks, Voltas fell 5% after the home appliances manufacturer recorded a 340 basis point sequential drop in its EBITDA margin.
Paytm shares also closed 5% lower amid reports indicating that Aditya Birla Finance, one of the fintech firm's key lending partners, invoked loan guarantees due to repayment defaults from customers.
Source: Stocks-Markets-Economic Times
