Stock Market Updates: Sensex, Nifty Open Flat; Adani Enterprises Up 5%

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Stock Market Updates: Sensex, Nifty Open Flat; Adani Enterprises Up 5%


Last Updated: March 09, 2023, 09:26 IST

Sensex Today: Domestic markets began on a flat observe on Thursday, amid combined international cues as merchants wager on rising fee considerations. The BSE Sensex fell 40-odd factors to 60,306, and the NSE Nifty50 remained unchanged at 17,754

Tata Steel, Bharti Airtel, L&T, Axis Bank, HCL Tech and Tata Motors led positive aspects on the Sensex, rising as much as 1.8 per cent. While Hindalco and JSW Steel have been the extra winners on the Nifty.

On the flip facet, Reliance, ICICI Bank, M&M, TCS, SBI Life and Bajaj Finserv have been the highest laggards throughout the 2 indices.

Global Cues

Globally, the US fairness markets have been combined in a single day, because the US Federal Reserve Chairman Jerome Powell reaffirmed his adherence to the next dimension of fee hike in his second day of testimony to Congress.

While Dow Jones closed on a flat observe, the S&P 500, and NASDAQ Composite indices gained as much as 0.4 per cent, after Powell advised the following fee hike resolution rests on information issued earlier than the March assembly.

Following this assertion, the US greenback index, which measures dollar in opposition to a basket of six currencies, retreated from three-month excessive and slipped to 105.61.

Asia-Pacific markets, in the meantime, edged increased this morning, with Nikkei 225, Topix, Kospi, and the S&P 200 indices climbing as much as 1 per cent.

In the commodities market, costs of Brent Crude and WTI Crude slipped as much as 0.2 per cent to $86 per barrel, and $76 per barrel, respectively.

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