Benchmark stock gauges Sensex and Nifty ended on a flat note on Tuesday as investors scrambled to book profits after a stellar two-day rally. After gyrating 393 points during the day, the 30-share index ended 7.11 points or 0.02 per cent higher, at 39,097.14.
While, the broader NSE Nifty settled with a marginal gain of 12 points, or 0.10 per cent, at 11,588.20. On the Sensex chart, major laggards were SBI, Axis Bank, L&T, Hero MotoCorp, Asian Paints, ONGC, Tata Steel and Bajaj Finance—dropping up to 3.56 per cent.
Among the top gainers were Infosys, RIL, TechM, Tata Motors, Maruti, PowerGrid, HCL Tech, TCS and Yes Bank—rising up to 3.78 per cent. According to traders, benchmark indices took a breather after a two-day rally as participants booked profits at higher levels.
On Monday, Sensex skyrocketed by 1,075 points to close at more than two-month high on Monday, extending its bull run for a second straight day on the back of gains in financial, banking and FMCG stocks after the tax booster by the government.
Nifty zoomed by 326 points or 2.89 per cent to end at a two-month of 11,600.20 with 32 of its constituents closing with gains.
The 30-share Sensex soared over 1,426 points in day trade before closing higher by 1,075.41 points or 2.8 per cent at 39,090.03, a level not seen since July 17.
In the two-day rally, Sensex posted its biggest two-day gains of 2,996.56 points or 8.30 per cent, while the 50-share Nifty soared 895.40 points or 8.36 per cent.
Meanwhile, the rupee was quoted 8 paise lower at 71.02 against the US dollar in intra-day trade on Tuesday. Brent crude futures fell 0.79 per cent to USD 63.77 per barrel (intra-day).
In Asian stock markets, Hang Seng, Shanghai Composite Index, Nikkei and Kospi ended on a positive note.Stock exchanges in Europe were trading in the green in their respective early sessions.