The Indian frontline indices opened with minor cuts today (2 June 2022) amid subdued global sentiment, but turned flat soon after, as IT and public sector banks gained buying interest.
The BSE Sensex held mild gains of around 100 points and the NSE Nifty was broadly unchanged at 16,520.
In the broader markets, the BSE MidCap was down 0.3 percent while the SmallCap index was up equally.
Sectorally, Nifty Financials, FMCG, Banks, and Auto indices were notable losers, down 1 percent. On the flip side, IT and PSB indices on the Nifty held strong gains of around a percent each.
Among stocks, Religare Enterprises soared over 10 percent. The company said it has resolved many legacy issues left over by its erstwhile promoters, including settlement with SEBI and becoming debt-free.