Domestic markets with mild gains tracking Asian peers that traded highs as near their 7-month.
Sources indices opened flat with a positive bias Today but indecisiveness at higher levels soon induced volatility in the market. Sensex and Nifty swung between losses and gains within 15 minutes of opening trade.
The domestic markets logged mild gains tracking Asian peers that traded near their Seven-month highs as factory activity surveys from China and the US boosted investor confidence. But losses in rupee and rise in crude played spoilsport, capping move up.
The rupee Today opened 20 paise down at 69.36 against the
United States dollar due to the strengthening of the greenback.
At around 9.30 am, Sensex was trading 51 pnts or 0.13 % up at 38,922.97. While its NSE counterpart Nifty rose 10 pnts, or 0.08 % at 11,679. India VIX jumped 2 %.
In the Sensex pack 18 stocks traded in the Positive while 12 in the Negative. Tata Motors topped the leaderboard with gains of 1.90 %, even as its local sales dropped 12 % in March to 17,810 units. For the fiscal year, however, the numbers were up 12 % at 2,10,143.
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Amongst other gainers were - Power Grid, Bharti Airtel, Infosys NSE 0.53 %, NTPC, and M&M which rose up to 1.5 %. On the other hand, Tata Steel was the biggest loser, down 0.94 %. Among other losers were Vedanta, HCL Tech, Reliance, Kotak Bank and ICICI bank NSE -0.56 %.
Index heavyweights such as Infosys, HDFC, TCS, SBI tried to push the market up north, however, gains were capped by laggards such as HDFC Bank NSE -0.77 %, ITC, HCL Tech, and ICICI Bank.
Furthermore, BSE Midcap and BSE Smallcap recorded mild gains, rising 0.24 % and 0.14 % respectively.
On the BSE sectoral front FMCG, Basic material, health care, and metal showed bearish sentiment. Among top sectoral gainers were BSE power, utilities, and reality which rose nearly 1 %. Consumer Durables was flat.
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