Markets trade flat amid volatility; Nifty above 18,350; Auto index positive contributor
India Infoline News Service |
15 Nov, 2022 |
Indian markets witnessed volatility on Tuesday tracking mixed global cues as traders are nervous amid mixed signals from Fed officials on their next rate policy decision. However, in domestic equities, investors bet cautiously despite the fact that the CPI inflation eases to 3-month low of 6.77% in October. IT, metal, FMCG stocks logged selling pressure, while Auto stocks outperformed.
At around 9:36 AM, Sensex was trading at 61,678.01 higher by 53.86 points or 0.09%. The index has touched an intraday high and low of 61,783 and 61,630.05 respectively.
Nifty 50 traded at 18,360.45 up by 31.30 points or 0.17%. The index has clocked the day's high and low of 18,378.15 and 18,344.80 respectively.
Hinduja Global Solutions stock rallies near 4% as the company reported massive 599% sequential growth in consolidated profit at Rs239 crore for quarter ended September FY23, aided by higher other income and tax write-back.
Stocks like Coal India, ONGC, NTPC, Hero MotoCorp and IndusInd Bank climbed between 2.5-1%. Bharti Airtel, Titan, Larsen & Toubro surged marginally.
Bears on Nifty were - Grasim, ITC, Nestle India, HDFC Life and TCS plunging marginally.
In terms of sectoral indices, on NSE, the FMCG index shed over 230 points. Auto index advanced nearly 100 points.
Asian markets opened mixed with the Japanese 'Nikkei' trading flat even as most other indices see mild profit booking after stellar rally of the past few days.
Overnight, on Wall Street, US markets closed steady after best rally in over six months as Dow Jones closed lower by 200 while Nasdaq fell 127 points. Oil prices declines further as China reopening still suspect with supply pressures easing prices.
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