Opening Bell: Indian equity markets were volatile in today's (7 October 2022) intra-day trade, amid weak global cues and rising crude oil prices. Key indices Nifty50 turned green to trade flat above 17,300 levels and the S&P BSE Sensex was flat trade at 58,223 levels.
Broader markets, too, swung between gains and losses in intra-day deals. The nifty SmallCap 100 index outperformed the benchmark, climbing over 0.2 percent.
Barring Nifty Auto and Nifty IT indices, all sectors drowned in the sea of red. The nifty PSU Bank index was the worst hit in the trade as it declined over 1 percent.
Among individual stocks, shares of Titan rallied over 6 percent after the company said that the overall sales grew by 18 percent YoY in the Q2 business update. Besides, shares of Nykaa gained over 1 percent after the company entered into a strategic alliance with Dubai-based fashion conglomerate Apparel Group to expand in the Gulf region.