ADVERTISEMENT
Market Latest Updates: Sensex, Nifty End Volatile Session Flat, Halt 2-Day Winning Run
29 Sep 2020, 03:53 PM IST 
Stock Market Updates: Reliance Industries, TCS and HDFC were the biggest boosts to Nifty
- The Sensex ended 8.41 points - or 0.02 per cent - lower at 37,973.22, and the Nifty settled at 11,222.40, down 5.15 points - or 0.05 per cent - from its previous close.
- UPL, ONGC, IndusInd Bank, Power Grid and Axis Bank, closing between 2.79 per cent and 3.49 per cent lower, were the worst hit among 32 laggards in the Nifty basket of 50 shares.
- On the other hand, Hindalco, UltraTech Cement, Hero MotoCorp, Titan and Tata Consultancy Services, ending with gains of between 2.49 per cent and 5.31 per cent, were the top gainers in the index.
- The National Stock Exchange's India VIX index - which measures the expectation of volatility in the near term - ended 1.03 per cent higher, having risen as much as 1.17 per cent earlier. Overall market breadth favoured losses, as 817 NSE-listed stocks ended higher against 1,004 that declined.
- The Nifty Bank index - comprising stocks of 12 major financial institutions in the country - ended 1.17 per cent lower, a day after the Supreme Court allowed the government one more week to come up with details on an optional deferment allowed to loan borrowers during the coronavirus pandemic. The Centre, however, said it will file its detailed plan by October 1.
- "Markets are going to play around in a tight range until next week's Supreme Court hearing on loan moratorium case and Reserve Bank of India's policy meeting," said Vinod Nair, head of research at Geojit Financial Services.
- IT major Tata Consultancy Services' shares ended 2.55 per cent higher at Rs 2,487.25 apiece on the BSE, gaining on reports suggesting Tata Group was in discussions with potential investors about stakes in its new digital platform.
- Analysts awaited any updates from the RBI on a new schedule for its upcoming bi-monthly review. The central bank said on Monday that it was rescheduling a bi-monthly meeting of its Monetary Policy Committee, which was originally planned for September 29 and October 1.
- Asian markets rose cautiously, building on newfound momentum after bargain hunters helped a recovery in US markets in the wake of last week's selloff.
- European markets started the day on a sluggish note, with the United Kingdom's FTSE 100 benchmark index down 0.44 per cent in early trade. While France's CAC 40 index was down 0.10 per cent at the time, Germany's DAX 30 gauge was down 0.39 per cent.
