Sensex, conveniently small changed; Mahindra & Mahindra, Tata Steel Top Gainers

Indian stock benchmarks changed little on Monday as gains in Tata Steel, Mahindra & Mahindra, NTPC, Bajaj Finserv, HDFC and ITC were offset by losses in Bajaj Auto, Power Grid, Kotak Mahindra Bank, Tech Mahindra and Maruti Suzuki. Meanwhile, other Asian markets traded lower after a series of Chinese data showed a surprisingly sharp slowdown in the engine of global growth, just as much of the world rushes to slow the spread of the Delta strain of COVID-19 with vaccines against vaccines. to go.

At 9:26 AM, the Sensex was up 50 points to 55,488 and Nifty was up 5 points to 16,533.

There was additional uncertainty about the potential geopolitical implications of the sudden collapse of the Afghan government and what this means for political stability in the region.

MSCI’s broadest index of Asia-Pacific stocks outside of Japan fell 0.2 percent, pushing back to the lows of the year it touched last month.

At home, foreign institutional investors bought shares worth Rs 820 crore on Friday, while domestic institutional investors bought shares worth Rs 149 crore.

Twelve of the 15 sector gauges compiled by the National Stock Exchange were trading higher, led by the Nifty Metal index with a gain of nearly 0.5 percent. Nifty PSU Bank, Realty, Healthcare and Financial Services indices were also positive.

On the other hand, the Nifty IT, Media and Consumer Durable indices were lower.

Mid and small cap stocks were broadly in line with the benchmarks, as the Nifty Midcap 100 index rose 0.1 percent, while the Nifty Smallcap 100 index fell 0.3 percent.

Mahindra & Mahindra was the top winner, the stock rose nearly 2 percent to Rs 792. Tata Steel, Grasim Industries, NTPC, Bajaj Finserv, ITC, Adani Ports, ONGC, Bharat Petrolem, Nestle India and HDFC were among the losers.

On the other hand, Power Grid, Bajaj Auto, Tech Mahindra, Larsen & Toubro, TCS, Maruti Suzuki, Divis Labs, Hero MotoCorp, Kotak Mahindra Bank and Hindalco were among the losers.

Overall market size was negative as 1,634 stocks surged and 1,049 on the BSE.