MARKET LIVE: Sensex, Nifty volatile in early trade; IRCTC, IEX down 10%

MARKET LIVE: Sensex, Nifty volatile in early trade; IRCTC, IEX down 10%

Opening Trades

LIVE market updates: The benchmark indices opened a quiet note amid positive global cues. The BSE Sensex opened 84 points higher at 61,800, and after touching a high of 61,873, the index soon slipped into the negative zone.

The BSE Sensex was down 164 points at 61,553. The NSE Nifty touched a high of 18,458, but was down 64 points at 18,355.

Among the Sensex 30 stocks, Tata Steel has slipped 1.5 per cent. Asian Paints, Bajaj Finserv, Bajaj Auto, IndusInd Bank and NTPC are the prominent losers.

On the other hand, Nestle India, Larsen & Toubro, HCL Technologies, Infosys and Bajaj Fiannce were up marginally.

In the broader market, IRCTC has hit the 10 per cent lower circuit at Rs 4,830. The stock had crossed the Rs 1 trillion mark yesterday in intraday deals, after it hit a fresh all-time high at Rs 6,393. Mastek and Indian Energy Exchange (IEX) have also tumbled over 10 per cent each.

Elsewhere in Asia, Hang Seng has rallied 1.5 per cent. Australia’s S&P/ASX 200 has advanced 0.7 per cent. Most of the other major like the Nikkei, Shanghai Composite, Taiwan Weighted, KOSPI and Straits Times traded on a flat note.


(Updated at 09:08 AM)

Pre-open Session:

LIVE market updates: The BSE Sensex was quoted 84 points higher at 61,800 in pre-open trades on Wednesday. The NSE Nifty 50 was up 20 points at 18,439.


(Updated at 08:10 AM)

LIVE market updates: A firm global market setup could resume uptrend in the after a day’s blip. At 8.10 AM, was up 20 points at 18,447.

Apart from global cues, corporate earnings, stock-specific news, FII flows and oil price movement will continue to influence market trajectory.

Earnings today

Jubilant FoodWorks, Havells India, L&T Finance Holdings, Angel Broking, Just Dial, Shoppers Stop, Snowman Logistics, Tata Communications and Tejas Networks are among the 33 firms slated to release their September quarter earnings today.

Global cues

US equities extended a rally in the overnight session as solid corporate results helped counter concerns stemming from elevated inflation. The Dow Jones Industrial Average rose 0.56 per cent, the S&P 500 gained 0.74 per cent and the Nasdaq Composite added 0.71 per cent.

Consequently, Asian followed their US counterparts higher, with Japan’s Topix index rising 0.5 per cent, Australia’s S&P/ASX 200 Index 0.9 per cent and Hang Seng Index 0.7 per cent. Shares in China, however, declined as the focus remains on Beijing’s regulatory curbs and the slowdown in the property sector.

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