Last Updated: May 17, 2023, 09:30 IST
Sensex Today: Indian indices opened on a flat word on May 17 amid combined international cues. The Sensex was down 93.70 factors or 0.15% at 61,838.77, and the Nifty was down 21.00 factors or 0.11% at 18,265.50. About 1176 shares superior, 700 shares declined, and 117 shares unchanged.
BPCL, Apollo Hospitals, Bajaj Auto, Bharti Airtel and M&M had been amongst main gainers on the Nifty, whereas losers had been Infosys, JSW Steel, Tech Mahindra, HCL Technologies and Hindalco Industries.
Dr. V Ok Vijayakumar, Chief Investment Strategist at Geojit Financial Services, mentioned: “As a batsman approaches a century, he may get caught for some time within the ‘nervous nineties’. It seems that the market is in the same state whereas approaching a brand new all-time excessive. Even although the circumstances are beneficial for a brand new report there are near-term points just like the US debt ceiling deadlock which may weigh over international markets within the near-term. Relentless FPI shopping for, declining inflation, the market momentum and good outcomes from the rally-leader financials can maintain this rally even with occasional corrections. The near-term uncertainty makes the market route a bit complicated however for long-term buyers it is a good ‘buy on dips’ market.”
Global Cues
Tokyo shares opened higher Wednesday despite falls on Wall Street, where a downcast earnings report from Home Depot spooked investors.The Nikkei index rose 0.41 percent, or 123.44 points, to 29,966.43 in early trade, while the broader Topix index added 0.11 percent, or 2.32 points, to 2,129.50.
US inventory indexes closed decrease on Tuesday after a disappointing forecast from Home Depot and U.S. retail gross sales knowledge for April pointed to softer shopper spending, whereas uncertainty about rates of interest and debt restrict negotiations weighed on sentiment.
