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Stock Markets Today: BSE Sensex, NSE Nifty open almost flat; Mahindra, SBI shares gain

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Stock markets traded almost flat within minutes of their opening on Wednesday. While the BSE Sensex was trading at 36,672, down by over 17 points soon after the markets opened, the broader market NSE Nifty 50 was trading 10,805.45, up by over 5 points in the early trade.

In the 30 share BSE Sensex, 22 stocks were trading in the green at this time while the remaining 8 were trading in the red. The top gainers on Wednesday in the early trade were Indusind Bank, Tata Steel, Bajaj Finance, Mahindra & Mahindra and SBI while the top losers in the opening trade were Infosys, HCL Technologies, Maruti Suzuki, Hindustan Unilever and TCS. 

Meanwhile, Indusind Bank, UPL, Mahindra & Mahindra and Cipla were the top gainers on Nifty Fifty on Wednesday in the opening trade. The top losers were Infosys, Hindustan Unilever, Britannia Industries, TCS and Coal India.

On Tuesday, the Sensex ended at 36,674.28, up by almost 0.5 per cent while the Nifty 50 closed at 10,779.65, up almost by 0.33 per cent. The Indian stock markets traded with a positive sentiment on Monday.

Today, the USDINR futures were trading at around 75.0450 against the USD at 9:30 am on BSE.

Asian stocks were set for a mixed open on Wednesday, as an increase in new coronavirus cases in some parts of the world cast doubts over the economic recovery, leading some investors to cash in on recent gains ahead of earnings season. Australian S&P/ASX 200 futures lost 0.50 per cent in early trading, while Japan`s Nikkei 225 futures added 0.11 per cent, and Hong Kong`s Hang Seng index futures <.HSI> rose 0.39 per cent.

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US stocks fell on Tuesday, halting a five-day winning streak by the benchmark S&P 500 index, its longest this year, which had been driven by better-than-expected economic data.

Inputs from Reuters



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