Sunday, June 15, 2025
spot_img

Sensex trades flat amid negative global cues

Date:

Share post:

spot_imgspot_img

Shillong, August 29:  Indian equity indices opened flat on Thursday due to negative cues from Asian and US markets.

 

At 9.40 a.m., Sensex was at 81,816, up 31 points and Nifty was up 19 points at 25,071.

 

During the early trading hour, the Overall market trend remains positive. On the National Stock Exchange (NSE), 1,134 shares are in the green and 759 shares in the red.

 

Marginal buying is seen in the smallcap and midcap stocks. Nifty midcap 100 index is up 21 points or 0.04 per cent at 59,179 and the Nifty smallcap 100 index is up 46 points or 0.23 per cent at 19,369.

 

Among the sectoral indices, PSU Bank, fin service, pharma, FMCG and media are the major gainers. Metal, energy, realty and infra are major laggards.

 

In the Sensex pack, Tech Mahindra, HDFC Bank, Bajaj Finserv, Sun Pharma, Power Grid, NTPC, Nestle, ITC, Wipro and Tata Motors are the top gainers. UltraTech Cement, Infosys, HCL Tech, Tata Steel, Maruti Suzuki, JSW Steel and Axis Bank are the top losers.

 

According to the market experts, “Weak global cues and the consequent weak openings have proved to be opportunities to buy in the domestic market. This pattern may persist. A significant feature of the near-term market trend is that it is resilient and steadily moving up without sharp spurts thereby preventing a spike in valuations in the largecap category.”

 

“The recent accumulation of IT stocks stems from the confidence that the soft landing scenario in the US economy will lead to the execution of the orders on which the IT companies have been sitting for some time now,” they said.

 

Selling is seen in the Asian markets. Tokyo, Hong Kong, Bangkok, Shanghai and Seoul are in the red. Only Jakarta markets are trading in the green. The US markets closed in the red in Wednesday’s trading session.

 

The foreign institutional investors (FIIs) turned net sellers on August 28 as they sold equities worth Rs 1,347 crore, while domestic institutional investors bought equities worth Rs 439 crore on the same day. (IANS)

spot_imgspot_img

Related articles

Telangana phone tapping case: SIT begins recording statements of victims

Hyderabad, June 15 : Intensifying its probe into the phone tapping case during the previous Bharat Rashtra Samithi...

Nishikant Dubey slams Cong, say its PMs’ weak foreign policy failed on Canada-Pak-Khalistan links

New Delhi, June 15: Member of Parliament from Bharatiya Janata Party Nishikant Dubey has reignited debate over the...

Plane crash: Anand district mobilises ambulances to bring back mortal remains of 33

Anand, June 15 : The district administration in Gujarat's Anand has initiated the process of returning the bodies...

Trusts China, Pak but not his own country: Giriraj Singh slams Rahul Gandhi

New Delhi, June 15 : Union Minister Giriraj Singh launched a scathing attack on Leader of Opposition (LoP)...