Image Source : PTI/REPRESENTATIVE Sensex, Nifty settle flat in subdued buying and selling; Reliance Industries earnings eyed
Stock Market: Benchmark indices Sensex and Nifty ended flat on Friday in a muted commerce amid largely weak international markets and forward of the quarterly earnings from the nation’s most valued agency Reliance Industries.
In a unstable commerce, the 30-share BSE Sensex edged up 22.71 factors or 0.04 per cent to settle at 59,655.06. During the day, it hit a excessive of 59,781.36 and a low of 59,412.81.
The broader NSE Nifty ended at 17,624.05, displaying a marginal dip of 0.40 factors.
Among the Sensex companies, ITC, Tata Consultancy Services, Wipro, Asian Paints, HCL Technologies, HDFC, Kotak Mahindra Bank, Bajaj Finance, Infosys, Sun Pharma, Hindustan Unilever, Power Grid, Reliance Industries and HDFC Bank had been the winners.
ALSO READ: Sensex, Nifty fall for 2nd day on revenue taking in oil, banking shares
HCL Technologies rises
HCL Technologies climbed 1 per cent after the corporate on Thursday posted a ten.85 per cent enhance in consolidated internet revenue to Rs 3,983 crore for the fourth quarter of 2022-23.
Tech Mahindra, Maruti, Tata Steel, ExtremelyTech Cement, Tata Motors and ICICI Bank had been among the many laggards. In Asian markets, Seoul, Japan, Shanghai and Hong Kong ended decrease. European markets had been buying and selling on a blended notice. The US markets ended within the damaging territory on Thursday.
Indian equities extremely unstable
“Mounting uncertainty in each international and home markets has stored Indian equities extremely unstable. Weak indicators of a softening job market and declining manufacturing exercise within the US have raised fears of a potential recession. Despite the RBI MPC’s unanimous choice to pause charges, its minutes revealed that its members proceed to carry issues about excessive inflation.
“However, the market received some support towards the closing bell from the IT and FMCG sectors, facilitating its recovery,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.
Meanwhile, international oil benchmark Brent crude dipped 0.04 per cent to USD 81.07 per barrel. Foreign Portfolio Investors (FPIs) offloaded equities value Rs 1,169.32 crore on Thursday, in keeping with alternate information.
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Source: www.indiatvnews.com
