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Indian equities opened on a mixed note on Thursday, tracking choppy global cues; Key points for investors
Investors often believe they can sidestep losses by ‘waiting for the right time’ or exiting before things get worse. But the biggest single-day gains tend to cluster immediately after the worst falls.
Stock Market Today: Indian benchmark indices ended flat in a range-bound session on Thursday, as investors stayed cautious ahead of the extended Independence Day weekend. Markets will remain shut on August 15.
The session saw mild volatility due to the weekly Nifty50 options expiry. The NSE Nifty50 inched up 11.95 points, or 0.01%, to close at 24,631.30. The Sensex moved within a narrow 261-point range, touching a high of 80,751.18 and a low of 80,489.86 before settling 57.75 points, or 0.07%, higher at 80,597.66.
On the BSE, Eternal, Infosys, and Asian Paints led the gains, while Tata Steel, Tech Mahindra, and Adani Ports were the major laggards. On the NSE, Wipro, Eternal, and Infosys were the top performers, whereas Tata Steel, Adani Ports, and Hero MotoCorp ended in the red.
Broader markets underperformed, with the Nifty Midcap 100 down 0.31% and the Smallcap index lower by 0.38%. Sectoral trends were mixed — Nifty Consumer Durables rose 0.75%, followed by Nifty IT at 0.4%, while Metal, Oil & Gas, and Realty fell 1.39%, 0.91%, and 0.76%, respectively.
Global Cues
US markets ended higher on Wednesday, buoyed by optimism that the Federal Reserve could restart its monetary policy easing cycle next month. The Dow Jones Industrial Average rose 1.4%, the S&P 500 gained 0.32%, and the Nasdaq Composite added 0.14%, with the latter two hovering near record highs.
Asian markets showed mixed trends in early trade. Japan’s Nikkei fell 1.2% and South Korea’s Kospi slipped 0.03%, while China’s CSI 300 climbed 0.59%, Hong Kong’s Hang Seng advanced 0.39%, and Australia’s ASX 200 gained 0.66%.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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