Sensex, Nifty flat after hitting lifetime highs; Maruti Suzuki, ONGC stocks lead


Equity tips:-
  • After hitting lifetime highs in pre-open trade, share indices gave up gains as profit booking kicked in. Tepid cues from global markets and caution ahead of year-end holidays kept traders from placing aggressive bets.
     
  • At 10:05 AM, the BSE Sensex was trading at 33,801, down 36 points, while the Nifty50 was ruling at 10,450, slipping 13 points.
     
  • Shares of Oil and Natural Gas Corp rose 2% as brokerage firm Macquarie has initiated coverage on the stock with an "outperform" rating.
     
  • Shares of Welspun Enterprises gained as the board decided not to invest in Welspun Financial Services, but will use the funds for its infrastructure business.
     
  • Shares of Edelweiss Financial Services gained for the fourth consecutive session and rose 1% after the company said it will acquire the securities business of Religare Enterprises.
     
  • In broader markets, the BSE Midcap was up 0.28%, while BSE Smallcap gained 0.56%.
     
  • PSU Bank, Metal, Pharma and FMCG Index are the top loser on the NSE, while Nifty Realty, IT, Media and Auto Index were the top gainers.

     
  • GAIL (+1.8%), ONGC (+1.7%), Hero MotoCorp (+1.3%), Lupin (+1.2%) and Maruti (+0.8%) were the top gainers on the Nifty50.
     
  • Tata Steel (-2.2%), HPCL (-1.5%), Dr. Reddy’s (1.4%), Bajaj Auto (-1.3%) and Adani Ports (-1%) were the top losers in today’s trade.
     
  • India VIX dropped 0.04%.
     
  • Out of 1,981 stocks traded on the NSE, 924 advanced, 640 declined and 417 remained unchanged today.
     
  • A total of 99 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.
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