Sensex flat, Nifty holds 22,100; TCS, Power Grid shine

Benchmark indices were seen moving in a thin range in intra-day deals on Tuesday with some buying seen in IT shares.

The S&P BSE Sensex was up 50-odd points at 72,850 levels, while the NSE Nifty 50 was seen holding the 22,150 levels.

Among the Sensex 30 shares, TCS, Power Grid, Titan and Maruti were up 1-2 per cent each; Whereas, Bajaj Finance, Hindustan Unilever and HDFC Bank were the notable losers.

In the broader market, the BSE MidCap advanced 0.5 per cent, and the SmallCap added 0.3 per cent.

Among individual shares, Paytm hit another 5 per cent upper circuit in intra-day deals a day after its founder Vijay Shekhar Sharma stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL).

Canara Bank was up 1 per cent after announcing 1:5 stock split.

Global cues

Asian shares were seen trading with a negative bias. Hang Seng and Taiwan were down nearly 1 per cent each. While, Nikkei, Kospi and Straits Times quoted with losses of up to 0.5 per cent.

Overnight the US market ended on a tepid note as focus shifted from Nvidia powered rally to economic data for likely cues on timing of interest rate cut. Investors will closely be tracking the personal consumption expenditure price index and GDP numbers to be announced on Thursday.

The 10-year US Treasury bond yield hovered around 4.27 per cent. Whereas, Brent Crude Oil futures moved back to $82 per barrel.