Nifty Tops 23,000-Mark Amid Volatility; BDL, Fino Cables Zoom 12%
Equity benchmark indices started Friday’s trading session on a tentative note amid weak cues from global peers.
The S&P BSE Sensex opened in red at 75,335, and soon dipped to a low of 75,244. The BSE index, thereafter, recovered and bounced back into the positive zone. The Sensex was up 120 points at 75,530 levels.
The NSE Nifty 50 was quoting around 22,990 – up 20 points.
Tata Steel, Larsen & Toubro and SBI were the top movers among the Sensex 30 stocks, while Mahindra & Mahindra and Sun Pharma were the chief laggards.
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In the broader market, the BSE MidCap and SmallCap indices also held gains, up 0.1 per cent and 0.3 per cent, respectively.
Overnight, Dow Jones shed 1.5 per cent. Nasdaq and the S&P 500 too declined up to 0.7 per cent after strong activity data in the US raised fears of a delay in rate cut, with the possibility of one quarter percentage rate cut in December as against November earlier.
Near home in Asia, Nikkei, Hang Seng and Kospi were down over 1 per cent each. Shanghai and Taiwan traded on a flat note.
Key Q4 earnings today
Ashok Leyland, Cochin Shipyard, Glenmark Pharma, Hindalco, HUDCO, Manappuram Finance, NTPC, SPARC, Suzlon, Torrent Pharma and United Spirits.