Sensex over 100 points higher; Infosys top gainer; Tata Motors cracks 7%
Sensex over 100 points higher; Infosys top gainer; Tata Motors cracks 7%
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Sensex Heatmap At Open
Source: BSE
Market Breadth
Market breadth, indicating the overall health of the market, turned positive. On the BSE, 919 stocks gained, 379 stocks declined, while 55 stocks remained unchanged.
Broader Market
In the broader market, the BSE Midcap and the BSE Smallcap indices added 0.5 per cent and 0.4 per cent, respectively.
Markets At Open
At 9:25 am, the Sensex was trading at 34,459, up 114.68 points, while the broader Nifty50 was ruling at 10,462, up 32 points.
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Asian markets trade lower on renewed US-China trade concerns
Asian shares moved lower on Thursday as investors fretted about new setbacks in U.S.-China trade talks, but negative sentiment was tempered by U.S. Federal Reserve meeting minutes suggesting it would not raise the tempo at which it increases interest rates. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, while Japan’s Nikkei stock index was 0.6 percent lower.
A day after U.S. President Donald Trump said he was not pleased with trade talks between the United States and China, he called for “a different structure” in any trade deal. The move added to uncertainty over the negotiations and prompted a fall in stock markets.
Wall Street advances as Fed seen taking moderate approach to inflation
U.S. stocks ended with small gains on Wednesday after minutes from the Federal Reserve’s latest meeting suggested higher inflation may not result in faster interest rate hikes. The Dow Jones Industrial Average .DJI rose 52.4 points, or 0.21 percent, to 24,886.81, the S&P 500 .SPX gained 8.85 points, or 0.32 percent, to 2,733.29 and the Nasdaq Composite .IXIC added 47.50 points, or 0.64 percent, to 7,425.96.
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Benchmark Sensex tumbled 306 points to end at an over one-month low of 34,344.91 today on widespread selling, led by energy and metal stocks.
State-owned oil companies such as HPCL, BPCL, IOC, ONGC and OIL plunged on worries that the government may ask them to share the burden of higher petrol and diesel prices.
The 30-share BSE index opened higher at 34,656.63 and advanced to 34,668.47 in early trade. However, it slipped into the negative zone to touch a low of 34,302.89, before finally ending at 34,344.91 -- showing a loss of 306.33 points, or 0.88 per cent.
This is its weakest closing since April 19, when the gauge had finished at 34,427.29.
Likewise, the 50-stock NSE barometer Nifty finished below the crucial 10,500 mark at 10,430.35, down 106.35 points, or 1.01 per cent. Intra-day, it shuttled between 10,417.80 and 10,533.55.
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