Among the sectoral indices, Nifty Bank deteriorated and remained in red while other sectors that remained in red territary were Financial Services, Media and Private stocks were seen trading in red.
Mumbai (Maharashtra) [India], June 28: Shriram Asset Management Company (Shriram AMC) announced the launch of Shriram Nifty 1D Rate Liquid ETF (Growth), an open-ended Exchange Traded Fund tracking the Nifty 1D Rate Index.
Among the sectoral indices on NSE, Nifty Bank, Financial services, FMCG, IT, Media, Metal, Pharma, Realty, Healthcare, Oil and gas, and consumer durables started in the green territory.
The Sensex started the day 94.13 points lower at 78,580.12, while the Nifty fell 19.25 points to open at 23,849.55. The market sentiment was dampened by weak cues from Asian markets.
Adding its long-term projections, the ICICI arm said in its June report that the Nifty index is on track to reach our long-term goal of 50,000 by the year 2030.
Among the sectoral indices at the National Stock Exchange, Financial Services, IT, Media, and Private Banks opened in green while sectors such as Auto, FMCG, Metal, Pharma and PSU Banks opened in the red.
The stock market began in green on Tuesday in its initial opening. Sensex opened at 77507.32, up by 166.24 points and Nifty 41.55 points up opening at 23579.40.
The BSE Sensex ended the day with an uptick of 131.18 points closing at 77,341.08. Meanwhile, the broader NSE Nifty 50 climbed 36.75 points to finish at 23,537.85.