Last Updated: December 13, 2023, 09:42 IST
Sensex Today (Representative picture/Reuters)
A cautious temper amongst international equities led to a muted begin on D-Street on Wednesday.
Sensex Today: A cautious temper amongst international equities led to a muted begin on D-Street on Wednesday. The S&P BSE Sensex was buying and selling round 69,475 ranges, down 76 factors, whereas the Nifty50 was at 20,896, down 10 factors.
NTPC, Tata Steel, ITC, Axis Bank, Wipro, Asian Paints, HUL, and L&T have been the highest gainers on the Sensex. On the flipside, TCS, HDFC Bank, Infosys, Reliance Industries, Bajaj Finance, and Maruti Suzuki have been the highest laggards.
In the broader markets, the BSE MidCap and SmallCap indices rose 0.09 per cent and 0.24 per cent, respectively.
Most of the sector indices have been ruling decrease led by the Nifty IT index (down 0.3 per cent). On the upside, the Nifty Media index gained 0.8 per cent.
Rahul Kalantri, VP Commodities, Mehta Equities on Stock Market at this time:
Crude oil skilled vital volatility, extending its decline to achieve 7-month lows within the worldwide markets. This downward pattern was fueled by considerations about demand from China and the surge in U.S. oil manufacturing to report ranges. According to the U.S. EIA, U.S. crude oil manufacturing is anticipated to extend by 180,000 barrels per day, reaching 13.11 million barrels per day in 2024. The heightened manufacturing ranges within the U.S. alleviated the strain on output cuts applied by the OPEC+ nations. Also, the U.S. EIA revised its value forecast for 2024, lowering it by $10 per barrel to a median Brent value of $83 per barrel.
Anticipating ongoing volatility, we challenge that crude oil costs will stay unpredictable in at this time’s session. The assist ranges for crude oil are estimated at $68.05–67.40, with resistance ranges at $69.60-70.40 for at this time’s session. In Indian Rupees (INR), crude oil finds assist at Rs 5,650-5,570 and resistance at Rs 5,790-5,880.
