Last Updated: October 18, 2023, 09:27 IST
Sensex (*100*): Indian inventory markets began Wednesday’s buying and selling session on a tepid observe as traders assessed geopolitcal developments and the September quarter outcomes of India Inc.
The S&P BSE Sensex slipped 74 factors in early offers to cite at 66,354, whereas the Nifty50 index was hovering beneath the 19,800-mark.
The broader BSE MidCap and SmallCap indices, in the meantime, gained 0.2 per cent and 0.4 per cent, respectively, on the BSE.
Sectoraly, the Nifty Financial Services fell 0.4 per cent, adopted by the Nifty Private Bank index (down 0.3 per cent0. On the upside, the Nifty Media index added 0.7 per cent.
Shares of Housing Urban Development CorpoÂration tumbled 8 per cent as the federal government started promoting 7 per cent stake in Hudco by means of the supply on the market (OFS) route. It has placed on the block a complete of 140 million shares at a ground worth of Rs 79 per share.
Shares of Bajaj Finance fell 1.6 per cent after it reported a 28 per cent 12 months-on-12 months (YoY) development in consolidated internet revenue for Q2FY24 at Rs 3,551 crore. Net Interest Income (NII) expanded by 26 per cent YoY to Rs 8,845 crore.
Global cues
Asian markets had been combined Wednesday morning following escalation of tensions within the Middle East. Meanwhile, China’s Q3 GDP grew higher-than-anticipated at 4.9 per cent.
Key indices throughout Japan, South Korea, China fell within the vary of 0.04 per cent to 0.3 per cent. Australia, nevertheless, reversed losses, whereas Hong Kong was flat.
Overnight, the S&P500 dipped 0.01 per cent, Nasdaq fell 0.25 per cent, and Dow Jones added 0.04 per cent.
The 10-12 months US Treasury yield topped 4.8 per cent, reaching its highest degree since Oct. 6 after US retail gross sales information got here in hotter than anticipated.
