Sensex Off Day’s High, Trades Flat; Smallcaps Outperform

Domestic markets traded in positive territory in Tuesday’s intra-day trade, amid strong cues from global markets.

Benchmark indices the S&P BSE Sensex surged over 150 points to trade around 65,180 levels, whereas Nifty50 surged over 50 points to trade above 19,350 levels.

Broader markets, too, edged higher as Nifty Midcap 100 and Nifty Smallcap 100 indices climbed up to 0.5 per cent. Volatility gauge, India VIX, however, slipped 2 per cent.

Barring Nifty PSU Bank and Nifty FMCG indices, all other sectors traded in a positive territory. Nifty Media, Nifty IT, Nifty Metal indices led the forefront by rising up to 0.7 per cent.

Among individual stocks, shares of Jio Financial Services tumbled 1 per cent a day after Mukesh Ambani, at its 46th annual general meeting (AGM), said that the NBFC entity would offer insurance products.

Besides, shares of Gokaldas Exports surged 11 per cent to hit 52-week high of Rs 689 per share after the company entered into an agreement to acquire Atraco Group (Atraco) for $55 million, through its wholly-owned subsidiaries.