Opening Bell: Benchmark indices open on a positive note; BSE IT Index falls over 1%

Opening Bell

by 5paisa Research Team Last Updated: Dec 11, 2022 - 06:36 am 27.3k Views
Listen icon

The benchmark indices on Tuesday piled up losses for the second straight session in the week on the back of a weak trend in global equities due to worries about economic recovery and inflation. Nifty futures on the Singapore Exchange traded 37.50 points or 0.23%, higher at the 16,136.50 level. On the global front, Tokyo stocks opened lower on Wednesday whereas Hong Kong stocks barely moved. On Wallstreet, stocks gave up more ground on Tuesday due to worries regarding rising inflation that would dim the corporate profits. Indian rupee opened marginally higher at 77.52 per dollar on Wednesday against Tuesday's close of 77.58.  

At the open, Sensex was up 287.85 points or 0.53% at 54340.46, and the Nifty was up 88.70 points or 0.55% at 16213.90. About 1178 shares have advanced, 459 shares declined, and 81 shares are unchanged. India VIX traded 3.68% lower at 24.69 level in the initial hour of the trading session. In the early minutes of trading session, the top gainers in Sensex were IndusInd Bank, Nestle India, Ultratech Cement, Kotak Mahindra Bank and HDFC whereas the top losers were Asian Paints, Tech Mahindra, TCS, HCL Technologies and Wipro.   

In the broader markets, at 9.35 am BSE Mid Cap and Small Cap indices traded 0.04% and 0.12% lower, respectively. The top gaining midcap stocks comprised Bayer CropScience, Balkrishna Industries, Rajesh Exports, Hindustan Aeronautics and Alkem Laboratories whereas the top gaining small-cap stocks were Lumax Industries, Aster DM Healthcare, Titagarh Wagons, Kaya and Sequent Scientific. 

On the sectoral front, indices traded flat with the BSE IT Index falling more than 1%. The top stocks dragging the IT index are Affle India, NIIT, 63 Moons Technology, Mindtree and Birla Soft whereas the outperforming stocks are HCL Infosystems, Brightcom Group, Xelpmoc Design and Tech, Matrimony.com and Infibeam Technologies. 

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
What you must know about M.V.K. Agro Food IPO?

M.V.K. Agro Food Product IPO was incorporated in the year 2018 to manufacture integrated sugar and other related products. M.V.K.

Juniper Hotels IPO Subscribed 2.08 times

The stock of Juniper Hotels IPO has a face value of ₹10 per share and the price band for the book building IPO has been set in the range of ₹342 to ₹360 per share. The IPO of Juniper Hotels Ltd will entirely a fresh issue of shares with no offer for sale (OFS) component.

Esconet Technologies IPO Lists 245.24% higher, but closes at -5% lower circuit

Bumper listing for Esconet Technologies IPO, then lower circuit