Last Updated: March 02, 2023, 09:33 IST
Sebi has granted approval for introducing SSE as a separate phase on BSE and NSE. (Representative picture)
Sensex Today: Indian indices opened flat on March 2 amid blended international cues. Both benchmark indices opened on a flat notice
Sensex Today: Indian indices opened flat on March 2 amid blended international cues. Both benchmark indices opened on a flat notice. While Nifty50 traded under 17,450 ranges, the S&P BSE Sensex hovered round 59,382 ranges.
Bajaj Finserv, L&T, Hero MotoCorp, JSW Steel and Tata Steel have been amongst main gainers on the Nifty, whereas losers have been Adani Enterprises, TCS, Infosys, Maruti Suzuki and Power Grid Corporation.
Broader markets, nonetheless, outperformed benchmark indices as Nifty Midcap 100 and Nifty Smallcap 100 indices gained as much as 0.2 per cent.
Sectorally, Nifty Media, and Nifty Private Bank indices have been off to a good begin, whereas, Nifty IT index was the worst hit because it declined practically 1 per cent.
Dr. V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services, stated: “The main concern for international fairness markets continues to be the rising bond yields within the US, which can act as a drag for FII inflows into rising markets like India. Yesterday the US 10-year bond yield touched 4%. FIIs can’t be anticipated to show consumers on this situation. Investors ought to make a distinction between FII promoting on rising rates of interest in US and DII shopping for on enhancing prospects for the home financial system. Domestic economy-facing shares like banks, capital items, cement, choose autos and FMCG will proceed to do properly. Banking shares are resilient and will be anticipated to stay sturdy even amidst FII promoting.”
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