Stock Market

NEW DELHI: Domestic equity markets opened flat-to-positive on Wednesday, ahead of key corporate numbers slared to be released later today.

Indian markets took cues from global peers that traded on a weak note. MSCI's broadest index of Asia-Pacific shares outside Japan off 0.18 per cent.

Japan's Nikkei eased 0.3 per cent and South Korea 0.8 per cent.

E-Mini futures for the S-P500 were flat.

Markets would track stocks of YES Bank, Wipro, Mindtree, Tata Elxsi, Dhanlakshmi Bank, Aditya Birla Money and DFM Foods which are among a few companies set to report June quarter results today.

Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 445 crore on Tuesday, data available with NSE suggested.

DIIs were net buyers to the tune of Rs 638 crore, data suggests.

At around 9:35 am, the 30-pack Sensex traded at 39,142, up 11 points or 0.03 per cent.

Nifty rose 12 points or 0.09 per cent to 11,674. In the Nifty pack, 24 stocks gained, 24 declined while 2 remained unchanged.

Meanwhile, among Sensex stocks, 15 gained and 15 fell.

Kotak Bank was the biggest gainer, up over 1 per cent.

Tech Mahindra, Asian Paints, Bajaj Finance, HCL tech and YES Bank were other gainers rising. On the other hand, Tata Motors was the biggest loser, down by about 1 per cent.

Maruti Suzuki, Bajaj Auto, Hero MotoCorp, Tata Steel and Power Grid were other stocks that declined. BSE Midcap and BSE Smallcap index made merry, gaining 0.28 and 0.17 per cent respectively. The sectoral space was a mixed bag without much action.

Basic Materials was the biggest gainer, up 0.43 per cent. Meanwhile, India's 10-year sovereigns fell to a 31-month low on Tuesday, down 1 per cent since April and half a per cent in four weeks.

These bonds are now super-hot with yield-hungry FIIs, we are headed for a significantly lower interest rate regime soon, and the slowdown in the economy is real and becoming acute.





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.


STRIPE





21