Sensex, Nifty trade volatile; Bajaj Finserv, Bajaj Auto stock gains
All sectoral indices are trading in the green except IT, FMCG and PSU banks in red.
Equity benchmark indices erased morning gains dragged by TCS, State Bank of India, Reliance Industries and Asian Paints.
At 11:29 AM, the BSE Sensex at 34,642 was up by 26 points, while NSE Nifty at 10,526 was higher by 10 points. However, both BSE Midcap and the BSE Smallcap were higher by 0.44% and 0.20%, respectively.
Dr. Reddy’s (+1.9%), ONGC (+1.2%), Bajaj Finance (+0.97%), Bajaj Auto (+0.90%) and L&T (+0.62%) were the top gainers.
Grasim (-2.1%), UltraTech (-1.9%), M&M (-1.3%), Hero MotoCorp (-1.4%) and Bharti Airtel (-1.1%) were the top losers.
Out of 2,020 stocks traded on the NSE, 636 advanced, 895 declined and 489 remained unchanged today.
The Buildings & Factories business of L&T Construction has bagged orders worth Rs4,033cr. Stock advanced 0.62%.
Petrol and diesel prices continued to rise for the ninth straight day and touched new records after the state-run oil marketers increased rates in line with crude oil prices.
The Indian Rupee opened higher at 67.96 per U.S. dollar against yesterday’s close of 68.12. Today, India 10-Year Yield opens at 7.81% vs 7.80%.
Asian indices opened flat after seeing a sharp rally yesterday in anticipation of the easing trade war rhetoric between U.S. and China.
Dow Jones climbs 300 points as U.S. indices close with gains for 11 out of 13 trading days. Oil prices inch up, while U.S. Dollar retreats, as trade war fears between the U.S. and China abate. All eyes on Federal Reserve meet, as investors await interest rates and inflation outlook.
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