INSUBCONTINENT EXCLUSIVE:
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
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
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