Sensex Ends Flat at 73,599, Nifty at 22,750; Smallcaps Jump 2.7%

The Sensex ended Tuesday, 27 October, at 73,598.67, down 0.01 per cent, and the Nifty 50 at 22,749.75, down 0.02 per cent, after a choppy session on the BSE and the NSE, according to closing data reported by Business Standard and Kotak Neo. Smallcap shares rose sharply while banks dragged the headline indices.

Smallcaps Rise While Banks Slip

The Nifty Smallcap 100 gained 2.69 per cent and the Nifty Midcap 100 about 1 per cent. Nifty Media rose 3.66 per cent, Nifty Pharma 1.91 per cent and Nifty Auto 1.48 per cent, while Nifty IT fell 0.26 per cent and Nifty Bank 0.7 per cent. Bharti Airtel, Trent and Maruti Suzuki led the Sensex gainers; State Bank of India, Axis Bank, TCS and HDFC Bank lagged.

Defence shares rose after the Defence Acquisition Council cleared proposals worth about ₹2.12 lakh crore, as IPB reported earlier today. GRSE and BEL gained up to 9 per cent, Business Standard said. Hindustan Unilever fell to a six-year low before its results, covered in IPB’s separate report.

Also read Sensex Falls 460 Points to 73,249; Nifty Ends at 22,688

Crude and Gold Stay in Focus

Brent December futures traded near $110.95 a barrel and WTI near $102.04 in the afternoon. Vinod Nair of Geojit Financial Services pointed to high crude, caution before the US Federal Reserve’s decision and a weaker rupee. Gold for December delivery was down 0.49 per cent at ₹1,42,374 per 10 grams on the MCX.

Jio Listing and Results on Wednesday

Jio Platforms lists on 28 October after its IPO was subscribed 22.19 times. About 110 companies, including L&T, Bajaj Auto, Maruti Suzuki and Cipla, reported July–September results on Tuesday. Vatsal Bhuva of LKP Securities sees Nifty support at 22,600 and resistance at 22,800.

Source: Based on reporting by Business Standard and Kotak Neo.

Image: Wikimedia Commons.