Stock Market: Sensex, Nifty Trade Marginally Higher Amid Volatility. Auto, Realty Lead

Stock update: On the 30-share Sensex platform, IndusInd Bank, Titan, UltraCemco, Axis Bank, Asian Paints, Tata Motors were trading in the green in early morning trade

The two key equity benchmarks, Sensex and Nifty, pared early losses and started trading in the green amid volatility. At 9.52 am, the BSE Sensex was marginally up by 82 points to 62,930. On the other hand, the NSE Nifty was trading at 18,660, up 25 points.

On the 30-share Sensex platform, IndusInd Bank, Titan, UltraCemco, Axis Bank, Asian Paints, Tata Motors were trading in the green in early morning trade. On the downside, Tata Steel, Infosys, M&M, Kotak Bank, HUL, Wipro were among the losers.

 In the broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices climbed 0.2 per cent each to outperform benchmark indices.

Sectorwise, Nifty Consumer Durables, Nifty Auto, and Nifty Realty rose up to 0.5 per cent. On the flipside, Nifty Metal and Nifty PSU Bank indices slipped up to 0.5 per cent.

In the previous session on Thursday, the S&P BSE Sensex plunged 294 points to 62,849 levels. On the other hand, Nifty50 settled at 18,635, down 92 points.

According to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, intra-day volatility could persist as investors fear the Federal Reserve could remain hawkish at its June 14 meeting after a surprise interest rate hike by Bank of Canada.

In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading in the green. The US markets ended in the positive territory on Thursday.

Global oil benchmark Brent crude dipped 0.51 per cent to $75.57 a barrel.

Foreign Institutional Investors (FIIs) bought equities worth Rs 212.40 crore on Thursday, according to exchange data.

Meanwhile, the rupee gained 5 paise to 82.46 against the US dollar in early trade on Friday amid positive trends in equities markets. Forex traders said falling crude price and inflow of foreign fund in domestic equities markets also provided support to the Indian currency.

At the interbank foreign exchange, the domestic unit opened strong at 82.49 and touched the highest level of 82.45. Later, it traded at 82.46, registering a gain of 5 paise over its previous close. On Thursday, the rupee settled at 82.51 against the dollar.