Last Update: January 20, 2023, 09:27 AM IST
FILE PHOTO: A man looks across the street at a screen displaying the Sensex on the façade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. Reuters/Danish Siddiqui
Sensex Today: The benchmark indices opened flat in Friday’s trade amid mixed global cues.
Sensex Today: Benchmark indices opened flat in Friday’s trade amid mixed global cues. Major indices Nifty 50 was flat above the 18,100 level, while the S&P BSE Sensex was trading 30 points lower at 60,825.
Meanwhile, broader markets were mixed in trading smelly The Midcap 100 index underperformed the Nifty Smallcap 100 index.
Sector-wise, Nifty Bank and Nifty Media indices closed on a positive note. However, the Nifty FMCG and Nifty Pharma indices declined up to 0.9 per cent.
Among individual stocks, Reliance Industries (RIL) shares declined 0.5 per cent ahead of third quarter results (Q3FY23).
global signal
Most Asian equity markets rose on Friday while the US dollar hung near its weakest level since May as investors worried about global recession risks as the Federal Reserve hikes interest rates.
Tokyo stocks opened lower on Friday, sliding on Wall Street as recession worries mounted after a top Federal Reserve official promised a tougher line on inflation. The benchmark Nikkei 225 index was down 0.32 per cent, or 83.27 points, at 26,321.96. trade, while the broader Topix index slipped 0.19 percent, or 3.62 points, to 1,912.00.
US stock indexes closed lower on Thursday after data pointing to a tightening labor market raised renewed concerns that the Federal Reserve will continue its aggressive path of rate hikes that could tip the economy into recession.
Oil prices rose on Friday on optimism that the US Federal Reserve will end its tightening cycle, buoying the economy and boosting fuel demand. Brent futures for March delivery rose 48 cents, or 0.6%, to $86.64 a barrel by 0113 GMT, while US crude rose 54 cents to $80.87 a barrel, up 0.7%.
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