Mid, SmallCap indices sink up to 4% ahead of CPI inflation; benchmarks flat
Closing Bell on September 12, 2023: Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent
SI Reporter New Delhi
Stock market highlights: Equity markets were volatile and ended mixed on Tuesday as investors chose to stay on the sidelines ahead of the release of the consumer price index (CPI)-based inflation data later today, and amid profit booking.
The S&P BSE Sensex hit an intraday high of 67,539 and a low of 66,948, before ending at 67,221, up 94 points or 0.14 per cent. The Nifty50, on the other hand, shut shop at 19,993, down 3 points or 0.02 per cent. The index claimed a new lifetime high of 20,110 in intra-day trade.
The broader markets, meanwhile, saw their steepest one-day decline this calendar year with the BSE MidCap and SmallCap indices shedding 3 per cent and 4 per cent, respectively, at close.
Among sectors, the Nifty Media index declined nearly 4 per cent, the Nifty Metal index nearly 3 per cent, and the Nifty PSU Bank and Auto indices up to 2.5 per cent. On the upside, the Nifty IT and Pharma were the only indices that eked out gains today, rising up to 1 per cent.
Auto stocks: Shares of auto companies, mainly diesel vehicle makers, slipped in intra-day deals on Tuesday, after Nitin Gadkari, Minister of Road Transport and Highways of India, said he planned to approach the Finance Minister Nirmala Sitharaman with an additional tax proposal on diesel vehicles of 10 per cent. READ MORE
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Topics : Stock Market MARKET LIVE MARKET WRAP Markets August CPI inflation CPI Inflation retail inflation Reliance Retail L&T Bajaj Finance Dalal Street Markets Sensex Nifty Nifty stocks Nifty 50 Indian stock market Indian stock exchanges BSE NSE
First Published: Sep 12 2023 | 07:29 AM IST