Last Updated: May 12, 2023, 09:26 IST
FILE PHOTO: A person appears at a display screen throughout a highway displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) constructing in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui
Sensex and Nifty began on a tepid observe on Friday forward of the April shopper inflation and March IIP information, slated to be launched right this moment.
Sensex Today: Benchmark indices Sensex and Nifty on a tepid observe on Friday forward of the April shopper inflation and March IIP information, slated to be launched after market hours. The BSE Sensex fell 190 factors to 61,717, and the NSE Nifty50 slipped 55 factors to 18,242.
Asian Paints, Tata Steel, L&T, HCL Tech, Sun Pharma, HDFC led losses on the Sensex, whereas Divi’s Lab, Hindalco and JSW Steel have been the highest Nifty losers.
On the flip facet, Tata Motors, Titan, M&M, Maruti, Eicher Motors, Hero Moto have been the among the many few frontline gainers.
The broader markets have been blended. The BSE MidCap index was flat however the SmallCap pocket outperformed the benchmarks and rose 0.25 per cent
Dr. V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services, mentioned: “Even although the momentum is with the bulls the market is prone to stay subdued until there’s readability on two vital points. The US debt ceiling deadlock is a short-term menace to the market despite the fact that the market believes that the problem will likely be sorted out simply earlier than the deadline. The Karnataka ballot final result can influence the market if the outcomes shock with both an enormous win for the Congress or the BJP opposite to the broad exit ballot outcomes. A decisive pattern available in the market will emerge solely after readability on these two points.”
“The outperformance of the broader market is significant and this is supported by good Q4 results. Latest mutual fund data shows that an increasing amount of mutual fund inflows is moving towards small caps. This can support the rally in the broader market,” he added.
Global cues
Asian markets have been blended this morning with Nikkei, Hang Seng rising 0.8 and 0.14 per cent, respectively. Strait occasions and Kospi fell as much as 0.8 per cent.
Overnight within the US, the S&P 500 fell 0.17 per cent, the Dow shed 0.66 per cent dragged by Disney shares and the Nasdaq added 0.18 per cent.
