Mumbai, May 15: The Indian stock market opened on a flat note on Friday, influenced by mixed global cues. At 9:18 AM, the Sensex was up by 86 points or 0.12%, reaching 75,490, while the Nifty gained 30 points or 0.12%, standing at 23,720.
Nifty IT and Nifty Auto emerged as the top gainers among the indices. Additionally, sectors like Nifty Services, Nifty FMCG, Nifty Healthcare, and Nifty Pharma were also in the green. Conversely, Nifty India Defense, Nifty Metal, Nifty Commodities, Nifty Realty, Nifty Oil and Gas, and Nifty PSU Bank were trading in the red.
Midcap and small-cap stocks continued to show weakness compared to large-cap stocks. The Nifty Midcap 100 index fell by 195 points or 0.32%, settling at 60,647, while the Nifty Smallcap 100 index dropped by 123 points or 0.69%, reaching 17,867.
Within the Sensex pack, Infosys, Tech Mahindra, TCS, HCL Tech, HDFC Bank, Power Grid, Titan, Maruti Suzuki, Bharti Airtel, Bajaj Finance, HUL, Sun Pharma, Indigo, and Adani Ports were among the gainers. In contrast, SBI, BEL, Eternal, Axis Bank, Ultratech Cement, Trent, Asian Paints, M&M, Tata Steel, and NTPC faced losses.
Global markets displayed mixed trends. In Asia, Tokyo, Hong Kong, and Bangkok were in the red, while Shanghai showed gains. The US stock market closed significantly higher on Thursday, with the Dow Jones up by 0.75% and the Nasdaq rising by 0.88%.
Foreign Institutional Investors (FIIs) have made a return to the Indian stock market, investing ₹187.46 crore in equities on Thursday. This follows several sessions where FIIs were net sellers. During the same period, Domestic Institutional Investors (DIIs) invested ₹684.33 crore in equities.
Additionally, the government has increased the prices of petrol and diesel, resulting in petrol prices in Delhi rising by ₹3.14 to ₹97.77 per liter and diesel prices increasing by ₹3.11 to ₹90.67 per liter.
–
Arpit Soni has had a passion for journalism since the beginning. Now he has turned this hobby into his profession. Arpit, who is a resident of Udaipur, enjoys editing and writing news related to journalism. He has worked as a Senior Content Producer in several important roles at Bhaskar, Patrika, Pratahkal, Punjab Kesari, and Times. Arpit completed his schooling in Udaipur and Jaipur. He has been working in the media industry for more than 10 years, and his journey is still continuing. ✍️📚
Leave a Comment