SENSEX, NIFTY trade flat with positive bias; Hindustan Zinc slips over 2%

The domestic benchmark indices were trading flat with a positive bias on Wednesday, August 14, in the early trade. At 09:26 AM, the 30-share index, SENSEX, was trading 55 points, or 0.07%, higher at 79,011.04 levels, while the NSE NIFTY was trading at 24,144.85, up 5.85 points, or 0.02%. 

The broader market, however, was in the red. The S&P BSE MidCap index was quoting 132 points, or 0.28%, lower at 46,613.44 points, while the BSE SmallCap index was down 0.58% at 52,948.36. 

BUZZING STOCKS

FSN E-Commerce Ventures, the operator of retailer Nykaa, after opening in green, slipped in red, a day after the company reported its June quarter (Q1 FY25) numbers. The stock at the time of writing this report was trading 0.7% lower at ₹185.30 on the BSE. The company posted a two-fold jump in consolidated net profit to ₹13.64 crore for the June quarter FY25. The company had posted a net profit of ₹5.42 crore for the same period a year ago.

Hero MotoCorp shares were also trading nearly 4% lower after the company reported Q1 FY25 results on Tuesday. The two-wheeler major posted a 47% increase in consolidated profit after tax at ₹1,032 crore for the first quarter ended June 30, 2024, aided by higher sales. The country's largest two-wheeler maker reported a profit after tax (PAT) of ₹701 crore for the April-June period a year ago.