Market Wrap: Sensex, Nifty end flat; mid, smallcaps crack up to 4%; investors lose about ₹6 lakh crore in a day
inflation data for August and industrial production data for July, scheduled to be revealed later today. Global cues were also weak as investors shifted focus to US inflation data on Wednesday and monetary policy meetings of the European Central Bank on Thursday and of the US Fed next Wednesday. European markets were mixed when the Sensex closed.
Among the major ones, the UK's FTSE was up about half a per cent but the CAC 40 index of France and DAX of Germany were down up to half a per cent. Sensex opened 380 points higher at 67,506.88 against the previous close of 67,127.08 and swung between gains and losses through the session. The index took a swing of 591 points during the session, hitting the intraday high and low of 67,539.10 and 66,948.18 respectively.
Nifty, on the other hand, opened at 20,110.15 and scaled a fresh record high of 20,110.35 during the session. But it failed to hold altitude and suffered strong bouts of volatility during the session. Sensex closed at 67,221.13, up 94 points, or 0.14 per cent while the Nifty closed the day at 19,993.20, down 3 points, or 0.02 per cent.
Mid and small-caps suffered deep cuts today. The BSE Midcap index fell 2.96 per cent to 32,084.93 while the BSE Smallcap index plunged 4.02 per cent to 36,982.74. In early trade today, the midcap and smallcap indices hit their fresh record highs of 33,245.85 and 38,769.33 respectively.
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