Tag: opening bell

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. Read more

Indian equity benchmarks started on a weak note ahead of Jan-March earnings due this week and amid an overall negative trend across global markets. Also ahead of US inflation data and ECP meeting, even as TCS q4 results came on expected lines on Monday. SGX Nifty Futures index was trading lower by more than 170 points on the Singaporean exchange ahead of the domestic market opening. Benchmark indices were trading lower with the Nifty around 17500 dragged by metal, IT, realty, and capital goods stocks. while the Sensex dropped more than 300 points About 831 shares have advanced, 2115 shares declined, and 91 shares are unchanged. Following benchmarks, Nifty midcap and small-cap indices too opened marginally lower in the red.Maruti Suzuki, Divis Lab, HCL Tech, Cipla, Tata Consultancy Services, Kotak Bank, Apollo Hospitals, ONGC, and HDFC were the top gainers in the Nifty pack. Hindalco, Tata Motors, Tata Steels, BPCL, Wipro, UPL, Bajaj Finserv, Tech Mahindra, Infosys, and JSW Steel Read more

The Sensex was up 142 points or 0.32% at 58650, and the Nifty was up 52 points or 0.30% at 17526. Power Grid Corporation of India, Infosys, Tata Steel, NTPC, Housing Development Finance Corporation (HDFC), HDFC Bank, SBI were among the top index gainers. Asian Paints, Maruti Suzuki, Bharti Airtel, Reliance Industries Ltd (RIL), Hindustan Unilever, HCL Tech, Wipro were among the top index draggers. Sectorally, Nifty Auto and FMCG indices were leading losers, down 0.3 and 0.7 percent, while Nifty Metals was the top outlier and was trading 1.3 percent higher. Bank Nifty was up 0.06 percent. About 1332 shares have advanced, 1548 shares declined, and 87 shares are unchanged. Meanwhile, as per a CNBC TV-18 report, state insurer LIC's IPO draft papers are likely to be filed with the SEBI tomorrow as the IRDAI has given it a go-ahead for the public offer.