Stock market today: Sensex, Nifty 50 end flat; BSE Midcap, Smallcap indices close higher
Tata Motors were offset by losses in shares of HDFC Bank, ICICI Bank and Hindustan Unilever. Key equity indices traded volatile during the session, reflecting cautious market sentiment ahead of the Lok Sabha election outcome on June 4.
Experts said foreign portfolio investors (FPIs) are selling Indian equities ahead of the election outcome, a trend seen in the past, too. However, investors have also been buying stocks amid the recent correction as they remain positive about the Indian market's medium- and long-term prospects.
Sensex closed at 73,466.39, down 45 points, or 0.06 per cent, while the Nifty 50 settled flat at 22,302.50. 15 stocks in the Sensex index closed higher, while an equal number closed with losses.
While the equity benchmarks witnessed volatility, mid and smallcap segments saw decent buying. BSE Midcap and Smallcap indices ended 0.78 per cent and 0.50 per cent higher, respectively.
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