Markets traded in a range and ended unchanged, extending the prevailing consolidation phase on Monday
IT major TCS reported its June quarter numbers which were slightly below the expectations of the market
Investors seem to be in a wait and watch mode as markets are stuck in a tight range
Market breadth remained strong throughout the day as 1,335 shares on the BSE advanced, while 655 declined and 322 remained unchanged
The most unique feature of the Navi Nifty 50 Index Fund is the “lowest cost” compared to any other index scheme in the passive funds category
Sensex closed at 52,482.71, down 66.95 points or 0.13%, while Nifty lost 26.95 points or 0.17% to end at 15,721.50
Market participants would also monitor the movement of Brent crude, investment pattern of foreign institutional investors and the rupee
Sensex rallied 392.92 points or 0.75% to close at 52,699, while Nifty advanced 103.50 points or 0.66% to settle at 15,790.45.
It can be noted that in the past, the Reserve Bank has also expressed risks of financial stability because of the fast growth in stock markets
At open, Sensex fell 185 points or 0.35% to 52,316, while the broader Nifty 50 declined 58 points or 0.37% to 15,709