Sensex Opens Flat; Asian Paints And IndusInd Bank Top Losers

Asian share markets are trading on a cautious note today as investors weighed the prospects for recovery in major economies.

The Hang Seng is down 0.1% while the Nikkei is trading lower by 0.4%. The Shanghai Composite is up 0.2%.

In the US stock market, Wall Street indices registered modest gains in overnight trade after a lackluster session that saw positive corporate news dueling with lingering concerns over the global recovery and US inflation.

The Dow Jones Industrial Average ended on a flat note while the Nasdaq climbed 0.6%.

Back home, Indian share markets have opened on a flat note with negative bias.

Market participants will track Sun Pharma share price, Dixon Technologies share price and Page Industries share price as these companies will announce their March quarter results today.

The BSE Sensex is trading down by 73 points. Meanwhile, the NSE Nifty is trading lower by 14 points.

Tech Mahindra is among the top gainers today. Asian Paints, on the other hand, is among the top losers today.

The BSE Mid Cap index has opened down by 0.1%. The BSE Small Cap index is trading higher by 0.1%.

Sectoral indices are trading on a mixed note with stocks in the banking sector and telecom sector witnessing selling pressure.

Metal stocks, on the other hand, are trading in green.

Shares of Avanti Feeds and BPCL hit their 52-week highs today.

The rupee is trading at 72.76 against the US$.

Gold prices are trading up by 0.1% at Rs 48,793 per 10 grams. Meanwhile, silver prices are trading up by 0.2% at Rs 71,433 per kg.

In news from the energy sector, BPCL is among the top buzzing stocks today.

Bharat Petroleum Corporation (BPCL) on Wednesday reported a net profit of Rs 119.4 bn for the quarter ended March 2021 (Q4FY21).

This compared with a net loss of Rs 13.6 bn in the year-ago quarter.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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