Markets trade flat amid volatility with Nifty around 18,100

28 Dec 2022 , 09:40 AM

Indian markets witnessing huge volatility during the last week of calendar year 2021 with a selloff in the early bell led by a broad-based selloff across sectoral indices.

At 09:35 AM, the Sensex was down 46.23 points or 0.08% at 60,881.20, and the Nifty was down 22.50 points or 0.12% at 18,109.80.

Power Grid Corporation, NTPC, UPL, Divis Lab and Britannia were among the major gainers on the Nifty, while the losers were TCS, Infosys, Hindalco, ONGC and Bajaj Finserv.

In terms of sectoral indices, on NSE, Bank Nifty, IT, Auto, FMCG dragged between 0.1-1 per cent and on the other hand, consumer goods and metal stocks showed buying interest. India VIX surged 2.17 per cent at 15.62.

Moreover, Asian markets opened in the red seeing low volumes & quiet trade in the US with technology stocks seeing profit booking in Asian markets. The Japanese ‘Nikkei’ was down 150 as a stronger ‘Yen’ saw profit booking in exporters while China reopening saw metals rise in sync. South Korean & Taiwan markets saw weakness in technology stocks & were trading in the red.

US markets witnessed steady trade on Tuesday as rising yields see technology stocks continue to play spoil sport with Nasdaq closing lower by 140 points while Dow Jones closes higher by 35 points.

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