Nifty above 10,750 mark; IT, Realty stocks lead
Most of NSE sectoral indices were trading in the red, while IT, pharma and realty showed a marginal gain.
Equity benchmark indices are trading flat on Wednesday despite weakness in Asian stocks due to trade tensions.
Meanwhile, most of NSE sectoral indices were trading in the red, while IT, pharma and realty showed a marginal gain.
At 10:19 AM, the BSE Sensex was trading at 35,564, up 74 points, while NSE Nifty was trading at 10,772 up 3 points.
Shares of IndusInd Bank hit a fresh record high in the opening trade after the bank decided to acquire infra lender IL&FS’ brokerage business.
BSE Mid-cap Index was trading down 0.28%, while BSE Small-cap Index was trading down 0.13%.
Tech Mahindra (+2.2%), Infratel (+2%), TCS (+1.7%), HCL Tech (+1.3%) and Infosys (+1.1%) were the top gainers on NSE.
BPCL (-3.6%), HPCL (-3.3%), IOC (-2.9%), NTPC (-2.1%) and UltraTech (-1.5%) were the top losers on NSE.
The India VIX was slightly down 0.27% at 12.7625.
Out of 2,043 stocks traded on the NSE, 848 declined, 706 advanced and 489 remained unchanged on Monday.
A total of nine stocks registered a fresh 52-week high in trade, while 117 stocks touched a new 52-week low on the NSE.
The Indian rupee opened sharply lower at 68.43 against the dollar on Wednesday on demand for American currency from exporters.
Brent crude oil price is surpassing beyond $76 per barrel and US WTI crude oil price inched above $70 a barrel.
Asian indices opened flat to mildly negative as emerging markets bear the brunt of the global sell-off as strong US$, rise in yields & oil hurt equities.
US stocks close in the green after almost 7 days, as oil rallies with President Trump banning imports from Iran. Energy stocks help Dow Jones stabilize, while President Trump talks down confrontation with China in trade.
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