Key Highlights:
- Eternal gains 10.56 percent after reporting Q1 net profit of Rs 25 crore.
- Sensex and Nifty close flat despite early gains and institutional buying.
- FIIs net sellers, offloading Rs 1,681.23 crore amid global trade deal uncertainty.
Mumbai: Benchmark equity indices ended largely flat on Tuesday following a choppy session marked by mixed sectoral cues and subdued global signals. The 30-share BSE Sensex slipped marginally by 13.53 points or 0.02 percent to close at 82,186.81, while the NSE Nifty declined by 29.80 points or 0.12 percent to settle at 25,060.90.
The session saw early optimism, with the Sensex climbing as much as 337.83 points in morning trade, but the momentum faded as concerns over an unresolved US-India trade deal and foreign investor profit booking weighed on sentiment.
Eternal Jumps Over 10 percent on Q1 Profit
Quick commerce and food delivery firm Eternal emerged as the top gainer, jumping 10.56 percent following its Q1 results. The company, which owns Zomato and Blinkit, reported a consolidated net profit of Rs 25 crore for the June quarter. Despite ongoing investments in its Blinkit and dining-out verticals, the firm’s profitability surprised the Street, driving the rally.
Other gainers included Titan, Hindustan Unilever, Bharat Electronics, Maruti, ICICI Bank, and Mahindra & Mahindra.
Oil & Gas, IT Stocks Drag Indices
Losses in heavyweight sectors such as IT and oil & gas capped broader gains. Notable laggards were Tata Motors, Adani Ports, State Bank of India, and Reliance Industries.
On the macro front, Foreign Institutional Investors (FIIs) remained net sellers, offloading Rs 1,681.23 crore, while Domestic Institutional Investors (DIIs) continued their buying spree, purchasing equities worth Rs 3,578.43 crore.
Global Market Snapshot
Asian markets ended mixed, with Shanghai and Hong Kong closing in the green, while Japan and South Korea slipped. European markets traded mostly lower during the day. Meanwhile, US markets had closed largely higher on Monday.
Brent crude prices dipped 0.97 percent to USD 68.54 a barrel, adding to cautious investor sentiment.
(With PTI Inputs)
