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D-St ends flat ahead of Powell testimony; Sensex up 14 pts; auto, IT gain

Maruti Suzuki, up 5 per cent, on the NSE was the biggest gainer on the Nifty today after the company decided to hike vehicle prices in the July-September quarter (Q2FY22) to pass on higher input costs

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MARKET LIVE | Markets | BSE Sensex

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Stock market updates: Learning from sharp swings on Friday and Monday, on the back of the US Federal Reserve's surprise hawkish tone last week, equity investors booked profit on Tuesday ahead of testimony from US Fed Chair Jerome Powell later in the day.

At the headline level, the 30-share hit a fresh record high of 53,057 level in early deals but pared gains to end at 52,589 levels, up 14 points or 0.03 per cent. On the NSE, the index ended at 15,773 levels, up 26 points or 0.17 per cent.

In the broader market, small-cap stocks dazzled on the bourses and ended 0.83 cent higher on the BSE while the BSE MidCap index closed 0.33 per cent up.

Maruti Suzuki, up 5 per cent, on the NSE was the biggest gainer on the Nifty today after the company decided to hike vehicle prices in the July-September quarter (Q2FY22) to pass on higher input costs. It zoomed nearly 6 per cent in the intra-day deals to hit a high of Rs 7,300-mark. READ MORE

UPL, Shree Cement, Wipro, SBI Life, Adani Ports, Tata Consumer, L&T, UltraTech Cement, Tata Motors, and ONGC were the other top performing stocks on the 50-share index.

On the downside, Asian Paints (down 1.75 per cent), Bajaj Finance, HUL, Nestle India, Sun Pharma, Kotak Bank, Tech M, and IndusInd Bank underperformed the index.

Sectorally, the Nifty Auto index was the best performing index, up 1.4 per cent. The Nifty Bank and Realty indices, on the other hand, slipped 0.3 per cent each.

Global markets
European shares gave up early gains on Tuesday, with growth-linked technology and healthcare stocks leading declines, as signs of rising inflation fanned fears of a sooner-than-expected tightening in global monetary policies. The pan-European STOXX 600 was down 0.1 per cent. 

Meanwhile, Futures of all three main Wall Street indices indicated at a flat-to-negative start later today.

Earlier in Asia, Japan's Nikkei zoomed over 3 per cent, South Korea's Kospi added 0.7 per cent, and China's Shanghai Composite rallied 0.8 per cent. 

(With inputs from Reuters)

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