Sensex, Nifty end flat after volatile session; metal, energy stocks shine

The frontline S&P BSE Sensex oscillated within a band of 530 points during the day. It, eventually, ended at 53,177, up 16 points or 0.03 per cent. 

M&M, Tech M, Dr Reddy's Labs, Reliance Industries, HCL Tech, and Tata Steel were the top gainers on the 30-pack index, up between 1 per cent and 3 per cent. Meanwhile, Titan Company, Asian Paints, Bajaj Finserv, Kotak Bank, Bajaj Finance, and ICICI Bank were the laggards, down up to 3.5 per cent.

On the NSE, the Nifty50 shut shop at 15,850, up 18 points or 0.11 per cent. Further, in the broader markets, the Nifty MidCap added 0.3 per cent, but the Nifty SmallCap fell by equal percentage.

Among major sectoral indices, the Nifty Metal index advanced around 2 per cent, while the Nifty Private Bank index dropped 0.8 per cent.

BS Special :: Liquor stocks in focus

Shares of liquor companies have tumbled between 6 per cent and 33.5 per cent thus far in calendar year 2022 (CY22), as pinching raw material prices and low demand hit breweries and distilleries. Analysts believe the worst may be behind the sector with out-of-home (OOH) consumption picking up, and select state governments reducing taxes, giving room to related companies to pass on cost pressure to consumers. READ MORE

Newsmaker :: Zomato
Shares of Zomato extended their decline as they shed 8 per cent on Tuesday on the BSE. The stock has declined 14.4 per cent in two days, losing $1 billion in market-cap, after it announced the acquisition of quick commerce firm Blinkit. READ MORE