The two key equity benchmarks, Sensex and Nifty, opened flat on Wednesday as investors exercised caution ahead of the key CPI inflation data in India and the US due today. However, the domestic indices are gradually trading higher. At 9.46 am, the BSE Sensex was up 93 points to 65,711. On the other hand, NSE Nifty50 was trading at 19,469, up 30 points.
On the 30-share Sensex platform, Reliance, Titan, Kotak Bank, HDFC twins, NTPC, ITC emerged early gainers. On the downside, UltraCemco, IndusInd Bank, Infosys, HUL, HCL, Asian Paints were among the losers.
Among specific stocks, PVR Inox rose over 1 per cent as GST on food and beverages at cinema halls was slashed to 5 per cent from 18 per cent.
#ABPStockMarketWatch | Sensex and Nifty opened flat on Wednesday as investors exercised caution ahead of CPI data
At 9:55 AM, #Sensex rose by 77 points to 65,695 & #Nifty by 19 points to 19,459
Here’s a look at the stocks in focus:#ABPLive #MarketWatch pic.twitter.com/E26qlqa41Q
— ABP LIVE (@abplive) July 12, 2023
In the broader markets, the BSE Midcap and Smallcap indices rose up to 0.31 per cent.
Sectorally, information technology index was down 0.3 per cent and realty index dipped 0.8 per cent. Oil & gas index was trading up by 1 per cent and capital goods and power indices rose 0.4 per cent each.
In the previous session, S&P BSE Sensex closed 274 points higher at 65,618, while the NSE Nifty settled with a gain of 84 points at 19,439.
