At close, Sensex was down 53 points at 79,996 and Nifty was at 24,323, up 21 points or 0.09 per cent.
Buying is visible in midcap and smallcap shares. The Nifty Midcap 100 index was up 470 points or 0.83 per cent at 57,089 and the Nifty Smallcap 100 index was at 18,941, up 148 points or 0.79 per cent.
Major private lender HDFC Bank declined 4.58 per cent at the close, mainly led by Nifty Bank which fell 0.83 per cent.
Reliance, SBI, NTPC, HUL, L&T, Nestle, Power Grid, ITC, JSW Steel, Wipro, Sun Pharma, Kotak Mahindra and Bajaj Finance were among the gainers in the Sensex. HDFC Bank, Titan, Tata Steel, M&M, IndusInd Bank and UltraTech Cement were among the losers.
Vaibhav Vidwani, Research Analyst, Bonanza Portfolio, said that Asian stock markets reached new highs today, encouraged by the expectation of US interest rate cut in September.
“10-year US Treasury yields declined as the US market awaits jobs data on Friday. “Many investors are expecting Friday’s jobs data to indicate that the labor market and the economy are cooling, as this could support the case for a Federal Reserve interest rate cut,” he said.
Among sectoral indices, PSU Bank, Pharma, FMCG, Metal, Energy, Infra and PSE closed in the green, and Private Bank and Fin Services closed in the red.
Buying is visible in midcap and smallcap shares. The Nifty Midcap 100 index was up 470 points or 0.83 per cent at 57,089 and the Nifty Smallcap 100 index was at 18,941, up 148 points or 0.79 per cent.
Major private lender HDFC Bank declined 4.58 per cent at the close, mainly led by Nifty Bank which fell 0.83 per cent.
Reliance, SBI, NTPC, HUL, L&T, Nestle, Power Grid, ITC, JSW Steel, Wipro, Sun Pharma, Kotak Mahindra and Bajaj Finance were among the gainers in the Sensex. HDFC Bank, Titan, Tata Steel, M&M, IndusInd Bank and UltraTech Cement were among the losers.
Vaibhav Vidwani, Research Analyst, Bonanza Portfolio, said that Asian stock markets reached new highs today, encouraged by the expectation of US interest rate cut in September.
“10-year US Treasury yields declined as the US market awaits jobs data on Friday. “Many investors are expecting Friday’s jobs data to indicate that the labor market and the economy are cooling, as this could support the case for a Federal Reserve interest rate cut,” he said.
Among sectoral indices, PSU Bank, Pharma, FMCG, Metal, Energy, Infra and PSE closed in the green, and Private Bank and Fin Services closed in the red.