Market News
NIFTY50, SENSEX open flat; paint, tyre, OMC stocks gain as oil prices slide
.png)
3 min read | Updated on September 11, 2024, 09:42 IST
SUMMARY
Out of 30 constituents of SENSEX, 18 traded in the red and the rest 12 in the green. Asian Paints (up nearly 1.3%) was the biggest gainer on the index, followed by ITC and HUL. On the other hand, Tata Motors (down over 4%) was the top loser on the index.
Stock list
At 09:22 AM, the S&P BSE SENSEX was trading 42 points, or 0.05% lower at 81,879.56 levels
Market participants witnessed a flat start to trading on Wednesday, September 11, amid subdued global cues. A sharp slide in crude oil prices was the biggest factor influencing investor sentiment.
At 09:22 AM, the S&P BSE SENSEX was trading 42 points, or 0.05% lower at 81,879.56 levels, while the NSE NIFTY50 was quoting 19 points, or 0.08% lower at 25,022.20 levels.
Market Statistics
The market breadth was in favour of the bulls, as out of 2,884 stocks traded on the BSE in the opening deals, 1,632 advanced, 1,111 declined, and 112 scrips remained unchanged.
At the time of writing this article, 122 stocks touched their 52-week high levels on the BSE, while 18 stocks hit their 52-week lows.
Top gainers and losers on NSE
Asian Paints, BPCL, ITC, Nestle India, and HUL were the top gainers on the NSE. On the flip side, Tata Motors, ONGC, Hindalco, Hero MotoCorp, and HDFC Life were the biggest losers.
Buzzing Stocks
Beneficiaries of a decline in oil prices, such as paints, tyre, and OMCs, were trading with gains.
Ramco Systems was trading nearly 3.5% higher on the BSE as the company announced the release of version 6.0 of its Aviation Software—"a revolutionary product release designed to transform M&E and MRO operations with AI-driven insights, advanced automation, and seamless integration."
Global Markets
Asian markets wobbled and US stock futures slipped on Wednesday after Democratic Vice President Kamala Harris and Republican Donald Trump clashed in a keenly-awaited US presidential debate.
The presidential hopefuls battled over abortion, the economy, immigration, and Trump's legal woes at their combative first debate.
That left investors skittish in Asian trade as markets also geared up for US inflation data that could influence the Federal Reserve's policy moves next week.
In the commodity market, crude prices bounced on Wednesday as concerns about Tropical Storm Francine disrupting supply of oil outweighed worries about demand. Brent crude futures climbed 39 cents, or 0.6%, to $69.58 a barrel by 0031 GMT, while US crude futures were at $66.19 a barrel, up 44 cents, or 0.7%.
About The Author
Next Story
