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March 28, 2023 8:12 am

Sensex, Nifty flat in early trade ahead of key poll results

Mumbai, December 8

Benchmark equity indices Sensex and Nifty traded almost flat in morning trade on Thursday as gains from crude oil prices and select banking stocks were offset by losses in IT and FMCG shares amid assembly poll results in Himachal Pradesh and Gujarat.

The 30-share BSE Sensex rose marginally by 28.87 points or 0.05 per cent to 62,439.55 in a choppy trade. As many as 16 of its components gained while 14 declined.

The broader Nifty of the National Stock Exchange was marginally up 8.60 points or 0.05 per cent at 18,569.10 as 28 of its constituents advanced, 21 declined and one remained unchanged.

Among major gainers, IndusInd Bank rose by 1 percent, Axis Bank by 0.91 percent and ICICI Bank by 0.95 percent on BSE. SBI, Mahindra & Mahindra, L&T, Nestle, UltraTech Cement, Maruti and Reliance also advanced.

On the other hand, Kotak Bank, HUL, TCS, Tech Mahindra, Infosys, Power Grid, Asian Paints, Sun Pharma, Dr Reddy’s and Wipro declined.

According to exchange data, foreign institutional investors were net sellers in capital markets as they offloaded shares worth Rs 1,241.87 crore on Wednesday.

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