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ETMarket Wrap (ETMarkets.com)
Sensex, Nifty end flat ahead of US inflation data
03:08 Min | May 09, 2023, 6:18 PM IST
The gains from the index heavyweights TCS, Reliance and Axis Bank were offset by losses in ITC, SBI, and ICICI Bank. Sensex declined 3 pts and settled 61,761 while Nifty rose 2 pts and ended at 18,266.
Transcript
Hi all, welcome back ET Market Watch - your daily podcast - where we bring you the latest news from the world of stock market every day. I am Neha Vashishth. Let's begin...
Sensex and Nifty ended flat with a negative bias today ahead of upcoming US inflation data. The gains from the index heavyweights TCS, Reliance and Axis Bank were offset by losses in ITC, SBI, and ICICI Bank. Sensex declined 3 pts and settled 61,761 while Nifty rose 2 pts and ended at 18,266.
Today's gainers and losers
ITC, SBI, Bajaj Finance, and NTPC were the top losers, falling 1-2%. Power Grid, ICICI Bank, Sun Pharma, Kotak Bank, and UltraTech Cement also closed with cuts. IndusInd Bank, TCS, Axis Bank, Tata Motors, and M&M ended up in the green zone.
Shares in news today
Shares of Indiabulls Real Estate ended with 20% lower circuit after the merger of NAM Estates and Embassy One was withheld by the NCLT
Mahanagar Gas closed 7.5% higher after the firm recorded a net profit of Rs 268.8 crore in Q4FY23, up 104% YoY.
Sectorally, Nifty PSU Bank declined 2.75% and Nifty FMCG fell 0.35%. Nifty Financial Services and Nifty Realty also closed lower. In the broader market, Nifty Midcap100 gained 0.04%, while Smallcap100 fell 0.05%.
Global Markets
Asian shares were mixed as investors took a wait-and-see view on the week ahead. Japan's benchmark Nikkei 225 gained 1%. South Korea's Kospi shed 0.13%. Hong Kong's Hang Seng lost 2.12%, while the Shanghai Composite declined 1.1%.
Rupee and crude:
Indian rupee fell to a more than two-week low on the back of dollar purchases by importers and short covering by traders, with a rise in US yields also adding to the pressure. The rupee ended at 82.0375 per US dollar.
Oil prices fell as markets were cautious ahead of US inflation figures. The Brent crude price was down 0.9%, at $76.33 and US WTI crude fell 0.9%, to trade at $72.47. That's it for today, stay tuned to ET Markets for more.
Sensex and Nifty ended flat with a negative bias today ahead of upcoming US inflation data. The gains from the index heavyweights TCS, Reliance and Axis Bank were offset by losses in ITC, SBI, and ICICI Bank. Sensex declined 3 pts and settled 61,761 while Nifty rose 2 pts and ended at 18,266.
Today's gainers and losers
ITC, SBI, Bajaj Finance, and NTPC were the top losers, falling 1-2%. Power Grid, ICICI Bank, Sun Pharma, Kotak Bank, and UltraTech Cement also closed with cuts. IndusInd Bank, TCS, Axis Bank, Tata Motors, and M&M ended up in the green zone.
Shares in news today
Shares of Indiabulls Real Estate ended with 20% lower circuit after the merger of NAM Estates and Embassy One was withheld by the NCLT
Mahanagar Gas closed 7.5% higher after the firm recorded a net profit of Rs 268.8 crore in Q4FY23, up 104% YoY.
Sectorally, Nifty PSU Bank declined 2.75% and Nifty FMCG fell 0.35%. Nifty Financial Services and Nifty Realty also closed lower. In the broader market, Nifty Midcap100 gained 0.04%, while Smallcap100 fell 0.05%.
Global Markets
Asian shares were mixed as investors took a wait-and-see view on the week ahead. Japan's benchmark Nikkei 225 gained 1%. South Korea's Kospi shed 0.13%. Hong Kong's Hang Seng lost 2.12%, while the Shanghai Composite declined 1.1%.
Rupee and crude:
Indian rupee fell to a more than two-week low on the back of dollar purchases by importers and short covering by traders, with a rise in US yields also adding to the pressure. The rupee ended at 82.0375 per US dollar.
Oil prices fell as markets were cautious ahead of US inflation figures. The Brent crude price was down 0.9%, at $76.33 and US WTI crude fell 0.9%, to trade at $72.47. That's it for today, stay tuned to ET Markets for more.
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