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Indices of Indian Equity Makes Trade go Higher

Key Indian Equity indices makes trade higher.

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Stock Market Building of India.
Stock Market Building.

Key Indian equity indices — after opening on a flat-to-positive note — traded higher during Tuesday’s morning session with healthy buying in metals, consumer durables and banking stocks.

Around 10.20 a.m., the wider Nifty50 of the National Stock Exchange traded higher by 19.40 points or 0.18 per cent at 10,547.75 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 34,381.80 points, traded at 34,378.39 points — up 72.96 points or 0.21 per cent from its previous session’s close.

The Sensex has so far touched a high of 34,402.90 points and a low of 34,284.67 points during the intra-day trade.

The BSE market breadth was bullish with 1,367 advances and 694 declines.

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On Monday, healthy macro-economic data, along with expectations of robust quarterly corporate earnings, led the equity indices to close on a higher note for the eighth consecutive session.

The Nifty50 was up 47.75 points or 0.46 per cent to close at 10,528.35 points, while the Sensex closed at 34,305.43 points — up 112.78 points or 0.33 per cent.  IANS

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Hike in Oil Price, Inflationary Fears Subdue Indian Equity Indices

The index toppers were Yes Bank, Vedanta, Tata Motors, NTPC and Mahindra & Mahindra.

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High crude oil prices and fears of a rise in core inflation subdued the key Indian equity indices on Friday.

According to market observes, crude oil at $67 per barrel and caution over a likely rise in core inflation pointed out in the Reserve Bank of India (RBI)’s latest minutes of the monetary policy committee meet kept investors away.

The S&P BSE Sensex closed 26.87 points or 0.07 per cent lower at 35,871.48, while the broader NSE Nifty50 ended flat at 10,791.65.

crude oil, equity, inflationary
The S&P BSE Sensex closed 26.87 points or 0.07 per cent lower at 35,871.48, while the broader NSE Nifty50 ended flat at 10,791.65. VOA

“Market turned range-bound after the release of RBI minutes which hints at elevated core inflation and threat of global growth slowdown,” said Vinod Nair, Head of Research, Geojit Financial Services.

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“Inflow of domestic funds to market remains positive, while tepid reaction from FIIs and lack of major triggers are impacting investors’ sentiments.”

The index toppers were Yes Bank, Vedanta, Tata Motors, NTPC and Mahindra & Mahindra, and the laggards were Kotak Mahindra Bank, HDFC Bank, Reliance Industries, IndusInd Bank and Bajaj Finance. (IANS)