Dalal Street Ends Flat As Banks And IT Offset Broader Market Gains
What Happened
Indian markets ended almost unchanged on October 27 after a volatile session. The BSE Sensex slipped 8.08 points to 73,598.67, while the Nifty 50 fell 3.45 points to 22,749.75. Bharti Airtel gained 3.18%, while SBI, Axis Bank and TCS were among the major laggards. Broader markets performed much better, with the Nifty Midcap gaining about 1% and the Nifty Smallcap rising 2.7%. Elevated crude prices and caution ahead of the US Federal Reserve policy decision kept the benchmarks under pressure.
Key Takeaways
Benchmark indices ended virtually flat, but strong gains in mid- and small-cap stocks showed better momentum beneath the headline indices.