The key equity benchmarks, Sensex and Nifty, on Thursday opened flat tracking losses across global markets following US Fed’s hawkish minutes that showed officials reaffirmed the need for more rate hikes ahead. At 9.50 am, the BSE Sensex was marginally up by 27 points to 65,472. On the other hand, the NSE Nifty50 was trading at 19,409, up 11 points.
On the 30-share Sensex platform, Nestle, Reliance, PowerGrid, Sun Phrama, Tata Motors, L&T were among the early gainers. On the downside, IndusInd Bank, Tata Steel, Bajaj Finance, Maruti, TechM, HCL emerged losers. Among specific stocks, DCB Bank soared 6 per cent after the RBI approved Tata Asset Management to acquire 7.5 per cent stake in the bank through the schemes of Tata Mutual Fund.
In the broader markets, the BSE Midcap and Smallcap indices rose up to 0.4 per cent versus the flat Sensex index.
Sectorwise, Nifty Realty was the top gainer, up 1 per cent. PSBs and oil & gas pockets also held firm gains, while others were muted.
In the previous session on Wednesday, the S&P BSE Sensex settled 33 points lower at 65,446, while the NSE Nifty50 ended at 19,399, up 10 points.