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Sensex, Nifty end flat amid cautious global mood
The Hindu··29 Jul
Benchmark indices Sensex and Nifty ended flat on Tuesday as investor sentiment turned cautious ahead of central bank policy meetings and a selloff across Asian markets. The Sensex dipped 69.86 points, or 0.09 percent, to settle at 76,765.92, while the Nifty slipped 10.60 points to end at 23,985.35, after gyrating over 300 points.
Prism
What It Means For You
- Investors holding Hindustan Unilever shares saw a sharp one-day drop tied to weaker quarterly profit.
- Anyone with equity investments should note markets stayed largely stable despite a broader Asian selloff on the same day.
- Fuel and import-linked businesses may benefit as Brent crude eased nearly 3 percent, lowering some cost pressures.
What's Happening
- The Sensex dipped 69.86 points and the Nifty slipped 10.60 points, both ending nearly flat on Tuesday.
- Hindustan Unilever tanked nearly 7 percent after posting a 3.17 percent decline in quarterly net profit.
- Asian markets fell broadly, with South Korea's KOSPI down over 10 percent, weighing on investor sentiment in India.
Why Investors Are Watching This Week Closely
- Central banks including the Fed, Bank of England and Bank of Japan have policy meetings scheduled this week.
- Foreign institutional investors sold Indian equities worth Rs 1,688.23 crore on Monday, a sign of cautious positioning.
- Monday's Sensex gain of over 776 points shows how quickly sentiment has swung within two trading sessions.
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