SGX Nifty Hints At Flat Open; Dish TV, Nuvoco Vistas In Focus

India’s stock benchmarks snapped a three-day winning streak after fluctuating between gains and losses in a volatile session, as losses in I.T. and realty stocks offset the gains in consumer durables and telecom stocks.

The S&P BSE Sensex closed little changed at 58,279.48. The 30-stock index rose to a record 58,553.07 in intraday trade. The NSE Nifty 50 declined 0.09% to 17,362.10. The 50-stock index hit a record 17,436.60 in intraday trade. Infosys Ltd. contributed the most to the index decline, decreasing 1.4%. Sun Pharmaceutical Industries Ltd. had the largest drop, falling 1.8%. Today, 31 of 50 shares fell, while 19 rose.

The broader indices underperformed their larger peers with the S&P BSE MidCap shedding 0.2% and S&P BSE SmallCap slipping 0.42% respectively. Thirteen out of the 19 sectoral indices compiled by the BSE Ltd. declined, with S&P BSE Realty falling over 2%. On the flipside, S&P BSE Telecom rose over 3%

The market breadth was skewed in favour of bears. About 1,332 stocks advanced, 1,844 declined and 142 remained unchanged.