Benchmark indices trade flat, dragged by metals
June 01, 2021
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At 1 pm, the BSE Sensex was at 51,965.82, up 28.38 points or 0.05 per cent
Amid alternate bouts of buying and selling, benchmark Indices were trading flat in the afternoon on Tuesday. While metal stocks were dragging the key indices, energy and FMCG stocks lent support.
At 1 pm, the BSE Sensex was at 51,965.82, up 28.38 points or 0.05 per cent. It hit an intraday high of 52,228.65 and a low of 51,808.88. The Nifty 50 was ruling at 15,578.90, down 3.90 points or 0.03 per cent. It hit an intraday high of 15,660.75 and a low of 15,528.30.
Gaurav Garg, Head of Research, CapitalVia Global Research Limited, said, “The market is trading negatively after erasing its initial gains. Traders are careful that the second wave of coronavirus illnesses has had a significant influence on the country’s corporate sentiment. FICCI’s Business Confidence Survey states that after reaching a decadal high of 74.2 in the previous survey round, the overall business confidence index has plummeted to 51.5 in the current round.”