In a day marked by cautious trading, the Indian stock market exhibited limited movement, concluding the Tuesday session with a relatively flat performance. Key indices displayed mixed results, with the BSE Sensex closing 78 points lower at 65,945, while the Nifty 50 ended a mere 2 points lower at 19,665.

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The Nifty Bank index experienced a notable slip of 142 points, closing at 44,624, while the Midcap Index witnessed a decline of 67 points to settle at 40,339.

Eicher Motors, Nestle India, Bajaj Auto, Hero MotoCorp and ONGC were among the top gainers on the Nifty 50, while losers included IndusInd Bank, Tech Mahindra, Cipla, Kotak Mahindra Bank and Adani Enterprises.

On the sectoral front, except bank, pharma and IT, all other indices ended in the green with FMCG index up 0.5 percent.

Auto sector stocks continued to draw attention as they surged on the back of positive brokerage notes. The sector's index recorded a notable 4 percent increase in value this month, highlighting investor optimism.

Remarkably, three of the top five Nifty gainers were auto stocks, including Eicher, Hero MotoCorp, and Bajaj Auto.

Bajaj Finance remained in focus as ahead of the Fund Raise Board Meeting. Over the past two days, the stock witnessed a 5 percent increase.

Nestle, surged to a three-month high, surpassing the 23,000 mark.

In contrast, IT stocks faced headwinds as discussions regarding a potential rate hike by the US Federal Reserve impacted sentiment. Tech Mahindra emerged as the top loser in this segment.

Cipla slid to its lowest levels in three months, mirroring a broader downward trend among pharmaceutical stocks. Several other pharma stocks followed suit.

Vodafone Idea made significant gains, surging by 7 percent to close at its highest levels in 20 months.

Dixon Technologies recorded a 4 percent increase following a brokerage firm setting a target price of Rs 6,000 per share for the stock.

Cement stocks continued their upward trajectory, tracking improvements in prices. Ramco Cements recorded a 3 percent increase.

Glenmark Pharma experienced a decline, erasing all gains made this month. The stock witnessed a 13 percent dip in value over the course of three sessions.

Concerns about reduced demand during the World Cup contributed to PVR's ongoing decline, with the stock falling 6 percent over the past three weeks.

Delta Corp closed with a 2 percent decline as the company faced increased tax notices in the online gaming sector.

Also read: Stock Market Highlights: Sensex, Nifty 50 end flat, Vodafone Idea closes at 20-month high

First Published:Sept 26, 2023 3:53 PM IST