Markets trade flat amid mixed global cues with Nifty around 17,950

19 Aug 2022 , 09:35 AM

The Indian market was in a volatile session and trading flat on Friday tracking mixed global cues as the market sentiments closely observing dollar and rupee headwinds. Globally, investors are reacting to the concern in China and high dollar strength. Further, oil prices are also trading higher for strong fuel demand. Back at home, banking, FMCG, oil & gas, realty stocks underperforming the most while IT, auto and metal stocks were marginally higher.

The June 2022 quarter will also sway the stock performance of market.

At around 09:35 AM, Sensex was trading at 60,311.56 up by 13.56 points or 0.02%. Meanwhile, Nifty 50 performed at 17,962.30 higher by 5.80 points or 0.03%.

In terms of sectoral indices, IT, auto and metal stocks outpeformed counterparts while banking, realty, oil & gas stocks trading in the red to drag the overall market sentiments.

Top bulls on Nifty are – Tech Mahindra surging nearly 1.2% followed by ONGC and Kotak Bank advancing above 1% each. Eicher Motors and HDFC Life jumped by 0.9% and 0.8% respectively.

Top bears on Nifty were – Coal India and IndusInd Bank plunging 1.1% followed by NTPC, Tata Consumers and RIL diving marginally.

On the global front, Asian markets opened muted with Friday blues seeing most markets trade flat even as the Japanese ‘Nikkei’ traded higher by 90 points.

Overnight, on wall street, US markets witnessed volatility with indices managing to close in the green after Dow Jones sees intra day dip of over 180 points to close 20 up. Nasdaq closes higher by 18 points after seeing 3 days of profit booking.