Sensex, Nifty Today: In early trade, 823 stocks in the Nifty pack were trading in the green, while 1,271 were trading in the red. 85 stocks remained unchanged.
Sensex, Nifty Today: A day after a sharp correction on the backdrop of weak global sentiment, Indian benchmark indices Sensex and Nifty started Thursday’s session flat. While the 30-share BSE Sensex was down by 54.99 points to open at 80,897, Nifty gained 29.8 points to start the trading session at 24,639.50. In the last trading session, the Sensex closed at 80,951.99 and the Nifty 50 at 24,609.70. In the broader market, the BSE Smallcap and the BSE Midcap indices started trading in the green territory and were up by over 150 points.
From the Sensex pack, ITC, Adani Ports, Tata Steel, Infosys, and State Bank of India were in green in the opening trade, with ITC being the biggest gainer with a jump of over 1 per cent. On the other hand, stocks like Sun Pharma, Titan, Mahindra & Mahindra, Bajaj Finance, and Bharti Airtel were in the red at the time of writing this news, with Sun Pharma tumbling over 4 per cent.
In early trade, 823 stocks in the Nifty pack were trading in the green, while 1,271 were trading in the red. 85 stocks remained unchanged.
What did Gift Nifty indicate?
Gift Nifty, an early indicator for the Nifty 50, indicated a positive start as it opened with a minor gain at 24,696, against the previous close of 24,655.
Asian Markets Today
Meanwhile, Asian shares traded mixed today as U.S. Treasury yields eased after a rocky week.
“After the 14 per cent pullback from the March lows, the market is struggling to find direction. It appears that the sustained FII buying, which played an important role in this rally, has run out of steam. The big FII selling on the 20th and 22nd of this month indicates that the FIIs may again turn sellers if the global environment turns unfavourable. There are some global concerns arising out of the sharp rise in bond yields in the US and Japan. Particularly, the sharp spike in US bond yields with the 30-year yield touching 5.14 per cent and the 10-year yield at 4.52 per cent reflects concerns surrounding the US debt levels and its fallout on global financial markets. It remains to be seen how this pans out,” said Dr VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
At the time of writing the news, Japan’s Nikkei 225 was up by 220.83 points and was trading at 37,206.35. Hong Kong’s Hang Seng added 147.52 points or 0.58 per cent and South Korea’s KOSPI was up by 3.20 or 0.12 per cent. China’s Shanghai Composite was in green and up by 2.77 per cent.
How did individual sectors perform?
Major Nifty sectoral indices traded mixed today, with the Nifty IT gaining 0,17 per cent. The Nifty FMCG Index was up 0.52 per cent in the early trade. However, Nifty Pharma crashed 1.33 per cent, and the Nifty Auto slipped by 0.05 per cent.
