Key Points

The Indian equity markets ended nearly flat after a volatile trading session on Friday. Auto stocks surged on expectations of a demand revival while IT and FMCG shares faced significant selling pressure. Broader markets showed strength with mid and small-cap indices outperforming the benchmarks. Global cues remained supportive as investors awaited the US jobs report for Fed rate cut signals.

Key Points: Auto Stocks Surge as IT and FMCG Drag Sensex to Flat Close

  • Auto sector extends gains on expectations of demand revival
  • IT and FMCG stocks face significant selling pressure
  • Broader markets outperform with strong mid and small-cap participation
  • Global cues provide support ahead of key US jobs report
2 min read

Stock market ends flat; auto shares surge as IT and FMCG decline

Sensex ends flat at 80,710 amid auto rally and IT-FMCG decline. Broader markets outperform as domestic investors rotate into mid and small caps.

"Indian equities ended flat but sentiment stayed mildly positive as key indices rebounded from intraday lows - Vinod Nair, Geojit Investments"

Mumbai, Sep 5

The Indian equity indices ended flat after a volatile session on Friday as investors showed a mixed approach amid weak global cues.

Sensex closed at 80,710.76, down 7.25 points or 0.01 per cent. The 30-share index started the session with a positive note at 81,012.42 against last session's closing of 80,718.01. The index, however, remained volatile amid buying in automobile stocks and selling pressure in the IT and FMCG shares. It hit an intra-day high and low at 81,036.56 and 80,321.19, respectively.

Nifty ended the session at 24,741.0, up 6.70 points or 0.03 per cent.

"Indian equities ended flat but sentiment stayed mildly positive as key indices rebounded from intraday lows on buying at support levels. The auto sector continued to extend gains on expectations of a demand revival," said Vinod Nair, Head of Research, Geojit Investments Limited.

Broader markets outperformed, with strong mid- and small-cap participation as domestic investors rotated into value and growth opportunities beyond large caps. Global cues also lent support, with US and Asian markets trading higher ahead of the US jobs report, a key trigger for Fed rate cut expectations, he added.

Mahindra and Mahindra, Maruti, PowerGrid, Bharti Airtel, Tata Motors, Eternal, Bajaj FinServ, Tata Steel, Sun Pharma, and Axis Bank were the top gainers among the Sensex stocks. While ITC, HCL Tech, TCS, Hindustan Unilever, Tech Mahindra, Infosys, L&T, Titan, Kotak Bank and Ultratech Cement were settled in negative territory.

The sectoral indices experienced a mixed response amid cautious investors' response. Nifty Fin Services jumped 35.90 points or 0.14 per cent, while Nifty Auto soared 325.75 points or 1.25 per cent. Nifty IT slipped 507 points, and Nifty FMCG ended the session 811 points or 1.42 per cent lower.

Broader indices remained affirmative. Nifty Small Cap escalated 33 points or 0.19 per cent, Nifty Midcap 100 jumped 116 points or 0.20 per cent, while Nifty 100 closed flat.

- IANS

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Reader Comments

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Priya S
IT sector decline is worrying. As someone working in tech, I hope this is temporary. Our IT companies have strong fundamentals, this might be a good buying opportunity for long-term investors.
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Arjun K
Mid and small caps outperforming again! Retail investors like me are finding better opportunities there than in overvalued large caps. Smart money moving to value picks 💰
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Sarah B
Flat closing after such volatility shows resilience of Indian markets. Global cues were weak but we held our ground. That's the strength of domestic institutional investors!
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Vikram M
FMCG down 1.42% is surprising. Usually defensive stocks, but maybe rural demand concerns? Hope this reverses soon as festival season approaches 🪔
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Michael C
While the auto surge is positive, I'm concerned about the concentration risk. Market seems to be moving in narrow sectors. Need broader participation for sustainable growth.
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Ananya R
PowerGrid and Tata Motors among top gainers! Infrastructure and auto sectors getting love from investors. Good to see domestic cyclical stocks performing well 🇮🇳

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