Share Market Today: Sensex, Nifty Trade Flat Amid Volatility Ahead Of Budget Day

Share Market Today: On the 30-share Sensex platform, NTPC, HDFC Bank, PowerGrid, UltraCemco, M&M, Tata Steel are trading in the green

Share market today: In the broader markets, the BE Midcap index declined 0.77 per cent while the Smallcap index fell by 1.34 per cent.

Source : ABPLIVE AI

Share Market Today: The two key equity benchmarks, Sensex and Nifty, on Monday pared early losses and are trading flat amid volatility ahead of Budget Day. At 10.10 am, the BSE Sensex was hovering 51 points higher to 80,656. On the other hand, the NSE Nifty50 was trading at 24,544, up 13 points.

On Monday, the government will present the Economic Survey for 2023-24 ahead of the Union Budget. Finance Minister Nirmala Sitharaman will table the document in the Lok Sabha at 1 PM and in Rajya Sabha at 2 PM, followed by a press conference at 2:30 PM.

Stock update

On the 30-share Sensex platform, NTPC, HDFC Bank, PowerGrid, UltraCemco, M&M, Tata Steel are trading in the green. On the down side, Kotak Bank, Reliance, ICICI Bank, IndusInd Bank, Titan, HCLTech were among the losers.

In the broader markets, the BE Midcap index declined 0.77 per cent while the Smallcap index fell by 1.34 per cent.

Sectoral update

Sectorwise, Nifty Realty, Nifty Consumer Durables, and Nifty Private Bank are trading in the red, while Nifty PSU Bank and Nifty Pharma advanced.

In the previous session on Friday, the 30-share BSE Sensex tanked 739 points to settle below the 81,000-mark at 80,604, while the NSE Nifty tumbled 270 points to close at 24,531.

Global markets

In Asian markets, Seoul, Tokyo, and Shanghai were trading lower while Hong Kong quoted in the positive territory. The US markets ended lower on Friday.

Global oil benchmark Brent crude climbed 0.67 per cent to $83.18 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 1,506.12 crore on Friday, according to exchange data.

Rupee rises 5 paise from all-time low

The rupee recovered from its all-time low level and appreciated by 5 paise to 83.65 against the US dollar in early trade on Monday, as the American currency retreated from its elevated level.

Forex traders said foreign fund inflows and possible intervention by the Reserve Bank of India (RBI) supported the rupee at lower levels and restricted the downfall.

At the interbank foreign exchange market, the local unit opened at 83.66, and touched an early high of 83.65, registering a gain of 5 paise from its previous close. On Friday, the rupee depreciated 7 paise to settle at its all-time low of 83.70 against the US dollar.