The two key equity benchmarks, Sensex and Nifty, were trading flat on Tuesday amid volatility. The domestic indices were bogged down by selling pressure in HDFC, HUL, M&M, Infosys, HCL Tech, and HDFC Bank.
At 10 am, the S&P BSE Sensex was trading at 60,063, up 7 points. On the other hand, the NSE Nifty was at 17,747, up 4 points.
On the 30-share Sensex platform, Wipro, Kotak Bank, Asian Paints, Sun Pharma, HUL, M&M were in the red. On the upside, IndusInd Bank, Bajaj twins, SBI, Axis Bank, NTPC emerged winners in early trade.
#ABPLiveStockMarketWatch | Sensex and Nifty are trading flat on Tuesday early trade.
At 09:45 AM, #Sensex went up by 3 points to 60,052 & #Nifty by 4 points to 17,740
Here’s a look at the stocks in focus:#StockMarket #StockMarketPrices #Trading #Stock pic.twitter.com/sMcGgmeWRb
— ABP LIVE (@abplive) April 25, 2023
In the broader markets, the BSE Midcap was flat with a mild downtick, while Smallcap was up 0.1 per cent.
Shares of Welspun India surged 3 per cent as the company is set to consider buyback proposal on April 27. Shares of Mahindra Lifespace added 2 per cent after the company said it has secured project to redevelop a housing society in Mumbai with an expected revenue potential of Rs 850 crore.
Among sectors, Nifty PSU Bank index gained 0.7 per cent, while Nifty IT and Consumer Durable indices fell up to 1 per cent.
The Rs 4,326-crore initial public offering (IPO) of Mankind Pharma will open for subscription on Tuesday with a price band of Rs 1,026-1,080 per share.
In the previous session on Monday, the S&P BSE Sensex rallied 401 points (0.67 per cent) to end at 60,056. On the other hand, the Nifty50 surpassed the 17,700-mark to settle at 17,743, up 119 points.