Indian stock market benchmark, the Sensex, snapped its four-day winning streak on Tuesday, June 10, on profit booking amid mixed global cues. The Sensex closed 53 points, or 0.06 per cent, lower at 82,391.72, while the Nifty 50 ended 1 point up at 25,104.25.

Shares of HDFC Bank, ICICI Bank and Reliance Industries ended as the top drags on the Sensex. On the other hand, Infosys, TCS and ITC ended as the top supports.

The mid and small-cap segments outperformed. The BSE Midcap and Smallcap indices ended 19 points and 176 points higher, respectively.

Indian stock market: 10 key highlights from the day

1. Why did the Indian stock market end flat today?

The Indian stock market ended flat on profit booking after recent gains. With most positives fairly discounted, investors’ focus is now on the US-China trade negotiations and inflation prints of the US and India, scheduled to be released this week.

“Domestic equity benchmarks traded within a narrow range as investors adopted a cautious approach following the recent rally driven by favourable domestic macroeconomic indicators and concerns over stretched valuations,” said Vinod Nair, Head of Research, Geojit Investments Limited.

“However, the overall sentiments remained on the positive side on account of optimism around US-China trade negotiations. Additionally, a firm US dollar acted as a tailwind for export-oriented sectors, particularly IT and pharma, which attracted strong buying interest,” said Nair.

Technical experts believe the positive sentiment may persist, and the sentiment favours long trades.

“The Nifty has sustained above the previous consolidation zone on the daily timeframe, indicating a continuation of the uptrend. This positive sentiment is likely to persist, and the sentiment favours long trades as long as the index remains above the key support level of 24,850,” said Rupak De, Senior Technical Analyst at LKP Securities.

“On the higher side, the index may move towards 25,350 in the short term, with the potential for an extended rally if it breaks decisively above 25,350. However, a fall below 24,850 could trigger a correction,” said De.

2. Top gainers in the Nifty 50 index today

25 stocks ended higher in the Nifty 50 index, while as many ended lower.

Shares of Grasim Industries (up 3.66 per cent), Tech Mahindra (up 2.14 per cent) and Dr. Reddy’s Laboratories (up 2.10 per cent) ended as the top gainers.

3. Top losers in the Nifty pack

Shares of Trent (down 1.65 per cent), Maruti Suzuki India (down 1.31 per cent) and Bajaj Finance (down 1.22 per cent) closed as the top losers in the index.

4. Sectoral indices today

Sectoral indices ended mixed.

Nifty Realty fell 1.14 per cent, ending as the top sectoral loser. Nifty Bank, PSU Bank and Private Bank indices dropped 0.37 per cent, 0.52 per cent and 0.17 per cent, respectively. Nifty Financial Services fell 0.47 per cent.

On the other hand, Nifty IT (up 1.67 per cent) and Media (up 1.09 per cent) ended with healthy gains.

5. Most active stocks in terms of volume

Reliance Power (49.62 crore shares), Vodafone Idea (30.94 crore shares), and RattanIndia Power (30.5 crore shares) were the most active stocks in terms of volume on the NSE.

6. 16 stocks jump over 10% on NSE

Oriental Carbon & Chemicals, Atam Valves, RattanIndia Enterprises, GE Power India and Cinevista were among the 16 stocks that jumped more than 10 per cent on the NSE.

7. Two stocks fell 10%

Krebs Biochemicals and Industries and GACM Technologies DVR were the two stocks that ended 10 per cent lower on the NSE.

8. Over 100 stocks hit upper circuits, nearly 50 hit lower circuits

As many as 116 stocks, including Unitech, Coffee Day Enterprises, Reliance Infrastructure, RattanIndia Enterprises and RattanIndia Power, hit their upper circuits in intraday trade on the NSE.

On the other hand, 49 stocks, including Rachana Infrastructure, Nirman Agri Genetics and Kore Digital, hit their lower circuits on the NSE.

9. Advance-decline ratio

As many as 1,609 stocks advanced, while 1,302 declined and 80 remained unchanged on the NSE.

10. Over 100 stocks hit their 52-week highs

Some 137 stocks, including InterGlobe Aviation (IndiGo), Bharat Electronics (BEL), Bank of India, SBI Cards and Payment Services, Muthoot Finance, Dalmia Bharat and SRF, hit their 52-week highs in intraday trade on the BSE.

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Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.