SENSEX, NIFTY turn flat after decent start; smallcap index shines; Prataap Snacks jumps 8%

After witnessing a healthy start, the benchmark indices turned volatile within half an hour of the trade. Last seen, the BSE SENSEX was trading 33 points, or 0.04% lower at 81,526.49 levels while the NSE NIFTY50 was hovering around the crucial 25,000 levels, down 16 points, or 0.07%.

The broader market, however, was trading with big gains, outperforming their larger peers. The BSE SmallCap index was trading over 1% higher at 56,197.58 points, while the BSE MidCap index was trading at 48,779.67 levels, up 0.85%.

All the sectors were trading in the green, with industrial, telecom, capital goods, and power stocks leading the gains. 

Top gainers and losers on the NSE

Buzzing Stocks

Prataap Snacks jumped over 8% as the the 54th GST Council on Monday, September 9, decided to cut GST rates on namkeens from 18% to 12%.

Global Markets

On the global front, US stocks closed sharply higher on Monday, and the dollar strengthened as markets awaited key data and action from central banks.

Asian stocks reversed early losses to rise marginally on Tuesday following Wall Street's overnight rally, though concerns about a still-struggling Chinese economy kept sentiment in check.

MSCI's broadest index of Asia-Pacific shares outside Japan was last up 0.2%, after falling 1.11% the previous session to hit a one-month low.

Japan's Nikkei last traded 0.4% higher, helped by gains in financial and consumer names.