Business

Stock Markets Remain Flat Amid Very Tumultuous Trading

On Wednesday, the equity benchmark indexes Sensex and Nifty opened optimistically but subsequently closed flat in a highly turbulent trade amidst conflicting global market indications.

The 30-share BSE Sensex surged 83.06 points to 73,178.28 in early trading. The Nifty jumped by 27.95 points to 22,226.30. However, later both benchmark indices oscillated between highs and lows.

Bharti Airtel, Tata Motors, State Bank of India, Tata Steel, Reliance Industries, and Kotak Mahindra Bank were among the Sensex’s top gainers.

The laggards were Asian Paints, UltraTech Cement, Wipro, and Larsen & Toubro.

In Asian markets, Seoul rose while Tokyo, Shanghai, and Hong Kong fell.

On Tuesday, the majority of US stock markets closed higher.

Global oil benchmark Brent crude lost 0.40 percent to $83.30 a barrel.

According to exchange data, foreign institutional investors (FIIs) sold securities worth Rs 1,509.16 crore on Tuesday.

On Tuesday, the BSE benchmark went up 305.09 points, or 0.42 percent, to 73,095.22. The Nifty closed 76.30 points, or 0.34 percent higher, at 22,198.35.

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Spriha Rai

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