The Indian market tracked mixed Asian stock markets during Thursday's opening bell, with the benchmarks Sensex and Nifty witnessing a volatile session. The sentiments come on as investors prepare to welcome 2021.
Sensex has tumbled over 100 points to an intraday low of 47,602.12 in opening deals. However, at around 09.23 am, Sensex trades flat at 47,743.96. Similarly, Nifty 50 which has plunged to an intraday low of 13,936.45 in early deals, was trading currently flat at 13,983.70.
Top gainers on Sensex were -
ONGC (+1.7%) followed by Titan, RIL, Dr Reddy's Lab and Bajaj Finserv which surged between 0.50-0.70%.
Top underperformers on Sensex involved - SBI, TCS,
Infosys and HUL down marginally.
BSE Midcaps and BSE SmallCaps also saw a marginal upside.
BSE IT was the major laggard of the session, trading at 24,150.75 down by 117.15 points or 0.48%. While BSE FMCG and BSE Bankex were marginally down to flat, taking a toll on the upside of the benchmarks.
Other sectoral indices traded in the green with BSE Consumer Durables surging over 180 points, BSE Capital Goods above 90 points and BSE Oil & Gas higher by 70 points - emerging as the top gainers.
Asian stocks were trading on a mixed note with Australia ASX All Ordinaries and Nikkei 225 tumbling by 90-125 points. While Hang Seng continued to rally, surging over 110 points. Shanghai SE Composite Index and South Korea's KOSPI climbed by 1-2%. Taiwan TSEC 50 Index traded flat.
The performance in Asian markets come despite a huge rally in the US stocks overnight. The Dow Jones Industrial Average closed its 13th record, at 30,409.56 above 73.89 points or 0.24%. While the S&P 500 gained by 0.13% at 3,732.04 and Nasdaq Composite at 12,870 surging by 0.15%.
Investors were upbeat in US stocks as the recent signing of Covid-19 relief package and government funding bill along with Covid-19 vaccine rollout bolstered sentiment and hopes for a speedy recovery in the economy.