Sensex, Nifty50 close flat; TCS top loser (Third Lead)
Mumbai March 13 (IANS) The BSE Sensex on Tuesday provisionally closed on a flat-to-negative note after a huge sell-off in stocks of IT major Tata Consultancy Services (TCS) pulled the index lower. The Nifty50 however ended marginally in the green.
According to market observers TCS scrips plunged over five per cent on announcements of block deals on both BSE and National Stock Exchange (NSE). However stocks of consumer durables oil and gas healthcare and banking witnessed healthy buying and limited the downside.
The wider NSE Nifty50 inched up 5.45 points or 0.05 per cent to provisionally close trade at 10 426.85 points (at 3.30 p.m.).
On the other hand the barometer 30-scrip Sensitive Index (Sensex) which opened at 33 818.22 points closed at 33 856.78 points -- down 61.16 points or 0.18 per cent from the previous session s close.
The Sensex touched a high of 34 077.32 points and a low of 33 722.96 points during the intra-day trade.
In contrast the BSE market breadth was bullish with 1 730 advances and 957 declines.
Earlier during the day healthy macro-economic data along with healthy buying in banking consumer durables oil and gas and healthcare stocks had lifted the key Indian equity indices. The BSE Sensex had reclaimed the 34 000-mark in the course.
On Monday the benchmark indices witnessed the biggest intra-day gains in around two years on the back of across-the-board buying as well as positive cues from the global markets on easing trade war fears.
The Nifty50 edged higher by 194.55 points or 1.90 per cent to close trade at 10 421.40 points while the Sensex closed at 33 917.94 points -- up 610.80 points or 1.83 per cent from the previous session s close.