Opening Bell: Indices trade flat amid volatility


Published On: Wednesday, April 13, 2022 | By:

Opening Bell: Indices trade flat amid volatility

Indian equity benchmarks opened higher on Wednesday, after opening over 300 points up, as March inflation spiked to a 17-month high level amid mixed cues from global peers, as investors await more quarterly earnings reports from India Inc for direction. BSE Sensex was flat and was hovering around 58,600 levels while Nifty 50 was marginally up at 17,550 levels. On BSE Sensex, Bharti Airtel, Mahindra & Mahindra, and NTPC stocks were among the top gainers, while the stocks of Dr Reddy’s Laboratories and Asian Paints were among the top losers on the benchmark index. India Vix is down over 3.5 percent near 17.50 levels. Among sectors, except IT all other sectoral indices are trading in the green with metal, oil & gas, power indices up 1 percent each. Retail inflation soared to a 17-month high of 6.95% in the month of March, much above the upper tolerance band of the Reserve Bank of India.

Meanwhile, Asian markets were trading mixed in the morning trade on Wednesday. Japanese Nikkei 225 was trading higher by more than 1.5%, while Hang Seng Index at the Hong Kong Exchange and Chinese Shanghai Composite traded lower by 0.10% and 0.54% respectively.  

We are on Telegram!

Telegram Logo

JOIN our telegram channel to receive updates on Financial News and Stock and FNO Tips.

Click Here!

Follow Us On: