Mumbai. The Indian stock market witnessed volatility in Tuesday’s trading session. At the beginning of the session, both the Sensex and Nifty made a new all-time high of 85,163 and Nifty 26,011, but the market could not sustain at the upper level. At the end of trading, the Sensex was down marginally by 14 points at 84,914 and the Nifty was up by one point at 25,940. There was selling in banking stocks during the session. Nifty Bank closed at 53,968, down 137 points or 0.25 per cent. Tata Steel, Power Grid, Tech Mahindra, HCL Tech, M&M, JSW Steel, Wipro, Tata Motors, HDFC Bank, Sun Pharma, Bharti Airtel, Maruti Suzuki, TCS and L&T were the top gainers in the Sensex pack.
HUL, UltraTech Cement, IndusInd Bank, Kotak Mahindra Bank, Titan, Nestle and Bajaj Finance were the top losers. Midcap stocks were higher than largecaps. The Nifty Midcap 100 index closed at 60,850 with a gain of 138 points or 0.23 percent. However, the Nifty Smallcap 100 index closed at 19,440 with a loss of 108 points or 0.56 percent. Sector-wise, auto, IT, pharma, metal, energy, infra and commodity were the top gainers. At the same time, PSU Bank, Fin Service, FMCG, Realty, Private Bank and Healthcare indices closed under pressure. Rupak Dey, Senior Technical Advisor at LKP Securities, says that after the rise of the last three days, there was a halt in the Nifty. 26,000 is an important resistance level. For this reason, Nifty may remain between 25,800 and 26,000 for a few days.