Opening bell: Indices open in red; metal gains along with bank, auto, and finance

Opening bell: Indices open in red; metal gains along with bank, auto, and finance

by 5paisa Research Team Last Updated: Dec 14, 2022 - 11:03 am 26.8k Views

In early trade, the major equity indices were negative amid volatility.

Metals, banks, and auto companies managed to trade in the green while FMCG, pharma, and IT equities dropped. Investors assessed a possible thawing of US-China trade relations after US President Joe Biden floated the notion of tariff cuts on Chinese goods, sending Asian stocks lower on Tuesday. 

At 9:30 AM, the Sensex has declined by 19 points and is trading at 54,268.73 levels. The BSE MidCap has also fallen by 35 points and is trading at 22,413.40 levels. The BSE SmallCap has on the flip side increased by 25 points and is trading at 26,207.67 levels. The stocks trading in green on the BSE Sensex are Mahindra & Mahindra, Induslnd Bank, Axis Bank, Power Grid Corporation of India, and Tata Steel. 

The Nifty 50 index opened in red today losing by merely 57 points and is now trading at 16,157.70 levels. The Bank Nifty on the contrary has gained 73 points and is trading at 34,321.45 levels. The gainers on Nifty 50 are Mahindra & Mahindra, Coal India, Tata Steel, Bajaj Auto, and Induslnd Bank. 

On the Nifty 50 index outlook is neutral as the numbers of stocks advanced are 890 and 883 stocks that have declined in the morning session. On the Sensex, there are 115 stocks locked up in the upper circuit and 91 stocks are locked in the lower circuit today. Today, 49 stocks are trading at a 52-week high and 30 stocks are trading at a 52-week low. 

How do you rate this article?

Fill in your details below:

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

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 substant

Open Free Demat Account

Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number