Markets Live: Sensex, Nifty Flat; PSU Bank Index Up For Fifth Day

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Current Market Update

Steady Start To Trade

Indian equities have opened the weekly options expiry session with modest gains after two straight days of decline.

The S&P BSE Sensex opened 0.4% higher at 51,903 while the NSE Nifty 50 gained 30 points at the start of trade to 15,238.

Among the sectoral indices, the PSU Bank index has opened higher for the fifth day in a row with gains of 3% while the Nifty Bak index is up 180 points in the early minutes of trade.

The Auto and Metal indices have opened with gains of 0.4% each while the Media index is up 0.6%.

Broader markets have opened higher as compared to the benchmark indices. The Nifty Midcap index is up 0.5% while the Small cap index has gained 0.7% at the start of trade.

1,176 stocks on the NSE have opened with gains while 445 stocks have opened lower.

Weekly Options Expiry Session

Good Morning!

Indian equities witnessed a pullback for the second day in a row as IT, pharma and select private bank stocks underperformed.

Yet, the Sensex and Nifty 50 are up nearly 12% so far this month.

Futures are indicating a steady start to Thursday’s weekly options expiry session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, rose 0.3% to 15,245 as of 7:45 a.m.

Asian markets are trading lower this morning. Chinese markets are outperforming after resuming trade post a week-long Lunar New Year Holiday. Stocks in South Korea and Japan trade lower, while those in Australia are fluctuating.

Futures on the Dow Jones gave up early session gains to trade little changed. The index ended 0.3% higher on Wednesday.

West Texas Intermediate crude rose 1.4% to $62 per barrel after historic power outages in the U.S. caused production in the country to fall by a third. According to traders, production of more than 4 lakh barrels per day has gone offline.

Gold was little changed at $1,779.8/Oz, the lowest in nearly eight months.

Short on time? Well, then listen to this podcast for a quick summary of All You Need To Know before the opening bell.

. Read more on Markets by BloombergQuint.

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