Opening Bell: Markets trade flat, Energy, Oil & Gas and Healthcare stocks gain!
On Thursday morning, the benchmark equity indices were trading flat as the European markets ended lower on the bourses yesterday.
After RBI’s rate hike, global investors are now looking forward to the European Central Bank’s policy that is to be held today, which will clear the suspense around the inflation and the impending rate hike for the rest of the year.
The US equity indices S&P 500 and Nasdaq also fell by 1.08% and 0.73%, respectively. Whereas the US bond yields rose and were trading higher than 3%. The crude oil is trading higher, at, $122.34 per barrel recording a 13-week high as the US gasoline demand rises.
Asia-Pacific markets are mixed as China's trade data for May beats analysts' expectations. The Shanghai Composite is trading lower by 0.49% whereas Japan's Nikkei is up by 0.32%.
The Sensex is at 54,759.48, down by 133.01 points or 0.24% points whereas the Nifty 50 is at 16,320.15, down by 36.10 points or 0.20%, since the last trading session. Nifty Bank was also down, by 0.47% and trading at 34,781.95
BSE Midcap was trading at 22,482.17, down by 0.22% and BSE Smallcap was at 25,957.44 down by 0.08%. The top gainers on the frontline indices this morning were Dr Reddy’s Laboratories, ONGC, Bajaj Auto, Coal India, and Cipla. Whereas the top losers were Tata Steel, Grasim Industries, Asian Paints, Bajaj Finance, and JSW Steel.
On the BSE,1,444 shares have advanced, 1,297 shares have declined and 112 shares are unchanged. Also,118 stocks have hit their upper circuit and 94 stocks have hit their lower circuit.
The top trending stocks on BSE, this morning are Birla Corporation, Vakrangee, Vaibhav Global, Zomato, Relaince Industries, and Oil India.
On the sectoral front, Oil & Gas, healthcare, energy, power, and telecom sectors were trading higher. Rest all of the sectors were exhibiting bearish trends.
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