Stock market live: After starting on a positive note, frontline benchmark indices Sensex and Nifty pared their gains and ended in the red. The BSE Sensex settled 117.58 points or 0.16 per cent lower at 72,987.03. Meanwhile, Nifty rose 17.30 points or 0.08% to settle at 22,200.55.
Earlier today, the Sensex opened at 73,200.20, up 95.62 points or 0.13 per cent, while the Nifty opened at 22,255.60, up 37.80 points or 0.17 per cent.
In the Sensex group, Bharti Airtel, ITC, Reliance Industries, Power Grid, NTPC, Tata Steel, State Bank of India, Tata Motors, Bajaj Finserv and Bajaj Finance were the major gainers. On the other hand, HUL, HDFC Bank, JSW Steel and Ultratech Cement were among the laggards.
On the sectoral index, pharma, PSU banks, energy, infrastructure and metals settled in the green while auto, IT, FMCG and services sectors traded in the red. The Nifty PSE index rose 174.55 points (1.76%) to 10,090.30, remaining the top sectoral gainer.
In line with the frontline index, the broader market also joined in the rally. Nifty Midcap 100 settled at 50,707.75, up 482.55 points or 0.96%, while Nifty Smallcap 100 settled at 16,457.45, up 94.30 points or 0.58%.
Meanwhile, the Indian rupee remained flat against the US dollar at 83.50 rupees.
Meanwhile, in another positive sign for some stock market constituents, 13 companies will be included in the MSCI India index by the close of trading on May 31.
Companies added to the MSCI India index include Bosch, Mankind Pharma, NHPC, PB Fintech, Phoenix Mills, Canara Bank, Indus Towers, Jindal Stainless Steel, JSW Energy, Solar Industries India, and Sundaram Finance. , Thermax, and Trent Power. Announcement by index compiler MSCI.
Three companies will be removed from the index: Berger Paints, Indraprastha Gas and One97 Communications.
