Share Market Today: Sensex, Nifty Trade Higher Amid Volatility. Realty Up, PSU Banks Drag

Share Market Today: On the 30-share Sensex platform, HUL, Reliance, NTPC, ITC, Infosys, UltraCemco were among the gainers. Sun Pharma, SBI, M&M, Tata Steel, Axis Bank, ICICI Bank emerged losers

In the broader markets, the BSE Midcap and Smallcap indices are trading 0.36 per cent and 0.58 per cent higher, respectively.

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The two key equity benchmarks, Sensex and Nifty, on Wednesday are trading higher amid volatility. At 10.20 am, the BSE Sensex rose 130 points to 74,083. On the other hand, the NSE Nifty50 was trading at 22,553, up 24 points.  

Stock update

On the 30-share Sensex platform, HUL, Reliance, NTPC, ITC, Infosys, UltraCemco were among the gainers. On the down side, Sun Pharma, SBI, M&M, Tata Steel, Axis Bank, ICICI Bank emerged losers.

In the broader markets, the BSE Midcap and Smallcap indices are trading 0.36 per cent and 0.58 per cent higher, respectively.

Sectoral update

Sectorally, Nifty Realty led from the front, rising over 1 per cent. FMCG also gained 1 per cent each. Nifty PSU Bank, on the contrary, fell the most, down 0.3 per cent. Bank, capital goods, metal and oil & gas dropped 0.5 per cent each.

GLobal market update

In Asian markets, Seoul, Shanghai and Hong Kong were trading in the positive territory, while Tokyo quoted lower. Wall Street ended in the green on Tuesday.

Global oil benchmark Brent crude declined 0.69 per cent to $82.31 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,874.54 crore on Tuesday, according to exchange data.

In the previous session on Tuesday, the BSE benchmark declined 52 points to settle at 73,953. The Nifty50, however, closed higher by 27 points to 22,529.

Rupee gains 7 paise

The rupee appreciated by 7 paise to 83.24 against the US dollar on Wednesday amid softening crude oil prices in the international market. Forex traders said the local unit faced some resistance due to subdued sentiment in the domestic equity market and foreign fund outflows.

At the interbank foreign exchange market, the local unit opened at 83.29 and inched up further to trade at 83.24 against the greenback, registering a gain of 7 paise from its previous closing level. On Tuesday, the rupee appreciated 6 paise to close at 83.31 against the US dollar.