Stock market ended Tuesday's volatile session on a flat note with negative bias

MUMBAI: The domestic stock market ended Tuesday's volatile session on a flat note with negative bias, thus erasing all their early gains ahead of the Prime Minister Narendra Modi's address to the nation scheduled at 4 pm today.

The Centre on Monday issued guidelines for "unlock 2.0", but the rapid increase in Covid-19 cases in several parts of the country meant it stopped short of reopening schools, colleges, and coaching institutions.

The S&P BSE Sensex ended at 34,916, down 46 points or 0.13 per cent and the NSE's Nifty settled at 10,302, down 10 points or 0.10 per cent.

Reliance Industries (RIL), HDFC Bank, ITC, and TCS were the major contributors to the Sensex's fall. Power Grid (down 2 per cent) ended as the biggest loser on the index while Maruti Suzuki India (MSIL) was the top gainer - up 2.8 per ecnt.

Tata Steel climbed over 4 per cent in the early deals after the announcement of its March quarter results. The stock ended at Rs 327, up 1.7 per cent on the BSE.

The trend among Nifty sectoral indices was mixed, with the Nifty Auto index ending over 1 per cent higher, leading the list of gainers. On the flip side, PSU bank stocks fell the most, followed by pharma, and media stocks. (IANS)

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