Opening Bell: Markets trade flat, power and utilities drag, whereas private bank stocks rise!
On Thursday morning, the benchmark equity indices were trading flat amidst mixed global cues.
The US equity indices S&P 500 traded 0.95% higher to 3,978.73, and the Nasdaq Composite was up by 1,5% at 11,434.74. The chip giant Nvidia gave a meek guidance report for its first quarter of FY23.
The US dollar rose by 0.95% after minutes from the Federal Reserve’s May meeting indicated that the bank might increase the interest by 0.5% again in the month of June-July. The Sensex is at 53,951.65 up by 202.39 points or 0.38% whereas the Nifty 50 is at 16,058.60 up by14 points or 0.09%, since the last trading session.
BSE Midcap was trading at 21,729.74 down by 0.45% and BSE Smallcap was at 24,947.61 down by 0.70 %. Similarly, Nifty Midcap 100 was at 26,763.80 down by 0.58 % and Nifty Smallcap 100 was at 8,558.80 down by 0.93%. The top gainers on the frontline indices this morning were HDFC Bank, HDFC, Nestle India, Axis Bank, ICICI Bank, and TCS.
On the BSE, 989 shares have advanced, 1785 shares have declined and 116 shares are unchanged. Also,87 stocks have hit their upper circuit and 189 stocks have hit their lower circuit.
The top trending stocks on BSE, this morning are Amaraja Batteries, Atul Auto, Torrent Pharmaceuticals, Equitas Bank, Godrej Industries, and Computer Age Management Systems.
All the sectoral indices were trading in the red, except for IT and private bank sectors.
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