Sensex Today: The Indian indices opened on a flat note on 7 December. The BSE Sensex fell 30 points to 62,592 and the NSE Nifty 50 fell 12 points to 18,630.
HCL Tech, Wipro, NTPC, TCS, Tech M, Kotak Bank were the top gainers on the Sensex, down up to 0.7 per cent, while ONGC was the top gainer. smelly Overthrown.
On the other hand, Asian Paints, L&T, ICICI Bank, SBI, UltraTech Cement, Sun Pharma, Cipla and BPCL were the top gainers on the index.
Meanwhile, the broader markets outperformed the frontline indices. The BSE Midcap and Smallcap indices rose up to 0.2 per cent.
Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said: “The near-term signals have once again turned negative with weakness in the parent market, the US. Talks of a longer-than-expected recession have resurfaced and Jamie Dimon As negative comments from influential voices are affecting sentiments. There are no positive triggers that can take the market much higher from here. Since India’s growth resilience looks impressive, a sharp correction in the market is unlikely. Buying will fall. Leading PSB banks have further upside potential and valuations are still attractive. Investors can buy high quality stocks in capital goods and cement at current levels.”
global signal
Shares in Asia declined on Wednesday as reality bit in on hopes of a softer economic landing in the United States and investors curbed their enthusiasm about China’s reopening.
Tokyo shares opened lower on Wednesday, tracking falls on Wall Street, where expressions of concern about a possible recession by major bank officials added to investor jitters. The benchmark Nikkei 225 index was down 0.57 per cent, or 159.73 points, at 27,726.14, while the Topix index was down 0.44 per cent, or 8.64 points, at 1,941.58 in early trade.
Wall Street ended lower on Tuesday, with the S&P 500 extending its declining streak to four sessions, as stingy investors braced for Federal Reserve rate hikes and talks of a recession ahead.
Oil prices were mixed in early Asian trade on Wednesday after falling to their lowest level this year as economic uncertainty and the prospect of higher interest rates weighed on prices.
read all latest business news Here