Stock Market Updates: Sensex Opens Flat, Nifty Holds Above 18,200; IndusInd Bank Gains 2%

Last Update: January 04, 2023, 09:26 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

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: Benchmark equities opened flat on Wednesday with a negative bias as investors awaited minutes of the US Fed’s latest policy meeting

Sensex Today: Benchmark equities opened flat on Wednesday with a negative bias as investors await the minutes of the US Fed’s latest policy meeting later today. The S&P BSE Sensex was trading 54 points or 0.09 per cent lower at 61,240, while the Nifty 50 was down 11 points or 0.06 per cent at 18,221.

In the broader markets, the BSE Midcap and Smallcap indices rose 0.1 per cent each. Sector-wise, financial, pharma and media stocks were lending support, while IT, realty and auto stocks fell in early deals.

Individually, IndusInd Bank shares rose 2.4 per cent after the private lender posted a 19 per cent year-on-year (YoY) rise in net advances to Rs 2.7 trillion at the end of December 31, 2022.

Meanwhile, Avenue Supermarts (DMart) declined 1.4 per cent while the company’s standalone revenue from operations for the quarter ended December 31, 2022 (Q3FY23) stood at Rs 11,304.58 crore as against revenue of Rs 9,065.02 crore at the end of Q3FY22.

Orient Cement shares gained 4 per cent amid media reports that Adani Group is in talks to buy promoter stake in the company.

global market

Australia’s S&P/ASX 200 rose 1.30 percent, while Japan’s Nikkei 225 fell 1.1 percent. South Korea’s Kospi rose 0.79 per cent, while the Kosdaq rose 0.52 per cent. Investors are looking forward to the US Job Openings and Labor Turnover survey as well as the minutes of the Fed’s latest policy meeting later today.

Meanwhile, stocks on Wall Street closed Tuesday with the Nasdaq Composite down 0.76 per cent, the S&P 500 down 0.4 per cent and the Dow Jones down 0.03 per cent.

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