Hindu Business Line file photo
Chennai, India (BBN) – The Sensex and Nifty were trading flat due to profit-booking by funds and retail investors amid weak global cues.
At 11.15am, the 30-share BSE index Sensex was up 26.61 points or 0.09 per cent at 29,345.71 and the 50-share NSE index Nifty was up 6.5 point or 0.07 per cent at 9,111.65, reports The Hindu Business Line.
Among BSE sectoral indices, power index gained the most by 2.11 per cent, followed by infrastructure 1.45 per cent, metal and PSU 0.58 per cent. On the other hand, IT index was down 0.45 per cent, TECk 0.23 per cent and banking 0.18 per cent.
Top five Sensex gainers were Power Grid (+4.27%), NTPC (+2.04%), Adani Ports (+1.42%), Sun Pharma (+1.26%) and Coal India (+0.84%), while the major losers were TCS (-1.07%), Axis Bank (-0.94%), Infosys (-0.62%), Tata Motors (-0.52%) and Bajaj Auto (-0.48%).
EARLY TRADE
Buoyed by the forecast of a normal monsoon and shrugging off a weak trend in global markets, the benchmark BSE Sensex rose over 54 points in early trade.
The 30-share barometer gained 54.45 points or 0.18 per cent to 29,373.55 with IT, power, technology, healthcare and FMCG sector stocks leading the recovery.
The gauge had lost 469.25 points in the previous four sessions, largely in tandem with a weak trend overseas on continued geopolitical concerns.
On similar lines, the NSE Nifty rose 15.35 points or 0.16 per cent at 9,120.50.
The government’s weather office had yesterday forecast a normal monsoon during the June-September period, which is expected to give a leg-up to the rural economy.
The S&P 500 fell for the fourth time in five sessions on Tuesday, weighed down by a drop in Goldman Sachs and Johnson & Johnson following their quarterly results, while geopolitical tensions added to investor caution.
The Dow Jones Industrial Average fell 113.64 points, or 0.55 per cent, to 20,523.28, the S&P 500 lost 6.83 points, or 0.29 per cent, to 2,342.18 and the Nasdaq Composite dropped 7.32 points, or 0.12 per cent, to 5,849.47.
BBN/SS/ANS
