Opening Bell: Indian markets opened flat in today's(12 august 2022) trade on the BSE. Frontline indices Nifty50 slipped below 17,650 levels and the S&P BSE Sensex shed 100 points to trade at 59,226 levels
Broader markets outperformed benchmark indices as Nifty Smallcap 100 and Nifty Midcap 100 surged up to 0.2 percent.
Power Grid, NTPC, Tata Steel, SBI, and IndusInd Bank were the top contributors to the benchmark indices. Maruti, Nestle India, and Tech Mahindra, on the other hand, weighed on benchmark indices
Sector-wise, Nifty Realty and Nifty Metal led the pack. Nifty IT, Nifty Auto, and Nifty Media, however, were losers in the trade.
Among individual stocks, shares of Oil India climbed 1 percent after the state explorer tripled its net profit to Rs 1,555.4 crore in Q1FY23