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Sensex, Nifty end flat post volatile trade; ITC up 2%; Maruti, RIL dip 1%

CLOSING BELL: ITC, the biggest cigarette maker, and the second largest fast moving consumer goods (FMCG) company in India, regained the market capitalisation of Rs 4 trillion on Friday

Image SI Reporter New Delhi
MARKET LIVE: Sensex, Nifty shed gains, turn flat; Nestle, Reliance drop 1%

CLOSING BELL

Stock market highlights: 
Equity markets remained listless on Friday, swinging occasionally between gains and losses, as lack of domestic and global cues kept investors on the sideline. The S&P BSE Sensex settled today's session 37 points, or 0.06 per cent, higher at 58,803. The NSE Nifty50, meanwhile, shut shop at 17,539, down 3 points or 0.02 per cent.

The broader markets, however, exhibited a strong show during the end, but ended mixed. The BSE MidCap index dipped 0.35 per cenwhile the BSE SmallCap index eked out gains of 0.04 per cent.

Among sectors, the Nifty Financial Services and FMCG indces added 0.5 per cent and 0.4 per cent, respectively, while the Nifty PSU Bank index fell 0.77 per cent. 

Newsmakers
Shares of Adani Enterprises hit a record high of Rs 3,369 after they gained 4 per cent on the National Stock Exchange (NSE) in Friday's intra-day trade. The spurt comes after the NSE announced the company's inclusion in the benchmark Nifty 50 index. READ MORE

Shares of New Delhi Television (NDTV) continued their northward movement as they crossed Rs 500 mark for the first time since January 2008. The stock hit a new high of Rs 515.10, up 5 per cent on Friday in an otherwise subdued market. It surpassed its previous high of Rs 512 that it had touched on January 4, 2008. READ MORE

ITC, the biggest cigarette maker, and the second largest fast moving consumer goods (FMCG) company in India, regained the market capitalisation (market cap) of Rs 4 trillion on Friday as rally in the stock continued on the bourses. Shares of ITC hit an over five-year high of Rs 323.40 as they gained 2 per cent on BSE in the intra-day trade. ITC's market cap had last touched the Rs 4-trillion feat on July 14, 2017, when it was Rs 4.10 trillion on closing level basis. READ MORE

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First Published: Sep 02 2022 | 8:17 AM IST