Mumbai, India (BBN)-The Nifty and the Sensex opened and traded flat to positive following mixed cues from Asia.
The Nifty opened 10 points up at 8,391, while the Sensex opened 32 points up at 27,172 – a palindrome, reports The Hindu Business Line.
At 10.07am, the 30-share BSE index Sensex was up 52.66 points or 0.19 per cent at 27,193.07 and the 50-share NSE index Nifty was up 10.10 points or 0.12 per cent at 8,390.75.
A report by SMC Global said: “Asian stocks opened mixed, Japanese equities dropped as the yen strengthened despite strong overnight cues from the US The European and US markets were up, as Wall Street overcame its brief wobble to end Wednesday firmer.
The Dow added 0.5 per cent, while the Nasdaq gained 0.21 per cent following US President-elect Donald Trump’s first post-election press conference, which was devoid of any policy details.
Japan had a current account surplus of 1.415 trillion yen in November, the Ministry of Finance said – up 28.0 per cent on year.
The headline figure was shy of expectations for a surplus of 1.460 trillion yen and down from 1.719 trillion yen in October.
The trade balance showed surplus of 313.4 billion yen – exceeding forecasts for 254.4 billion yen and down from 587.6 billion yen in the previous month.
Exports were down 0.8 per cent on year to 5.890 trillion yen, while imports tumbled 10.7 per cent to 5.577 trillion yen.”
Barring Nifty IT, all sectoral indices were trading flat. Volatility was down 1.94 per cent with the India Vix ruling at 14.5200.
Among BSE sectoral indices, IT index gained the most by 1.43 per cent, followed by TECk 1.16 per cent, power 0.83 per cent and capital goods 0.43 per cent.
On the other hand, metal index was down 1.17 per cent, followed by healthcare 1.05 per cent, FMCG 0.54 per cent and realty 0.25 per cent.
Top five Sensex gainers were Power Grid (+3.03 per cent), Infosys (+2.41 per cent), NTPC (+1.09 per cent), L&T (+1.03 per cent) and Axis Bank (+0.89 per cent), while the major losers were Reddy’s (-1.71%), Adani Ports (-1.5 per cent), Sun Pharma (-1.5 per cent), Lupin (-1.23 per cent) and Coal India (-1.18 per cent).