Sensex Opens Flat; ICICI Bank & HDFC Life Insurance Top Losers

Asian share markets edged lower today on concerns new coronavirus outbreaks in the region could undercut an economic recovery.

Fears over the spread of the high infections Delta virus variant have dented sentiment at a time markets remain on edge after the Fed shocked traders with a hawkish tilt earlier this month.

The Hang Seng is down 0.9% while the Nikkei is trading lower by 1.1%. The Shanghai Composite is trading down by 1%.

In US stock markets, the Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.

The Dow Jones Industrial Average fell 0.4% while the Nasdaq added 1%.

Back home, Indian share markets opened on a flat note, following the trend on SGX Nifty.

Market participants are tracking shares of IRCTC, Ruchi Soya, and Suzlon Energy as these companies are scheduled to announce their quarterly earnings, today.

The BSE Sensex is trading down by 12 points. Meanwhile, the NSE Nifty is trading lower by 5 points.

Asian Paints is among the top gainers today. ICICI Bank, on the other hand, is among the top losers today.

The BSE Mid Cap index has opened up by 0.2%. The BSE Small Cap index is trading higher by 0.3%.

Sectoral indices are trading mixed with stocks in the FMCG sector and capital goods sector witnessing buying interest.

Banking stocks, on the other hand, are trading in the red.

Shares of Apollo Hospitals and Persistent Systems hit their 52-week highs today.

The rupee is trading at 74.29 against the US$.

Gold prices are trading down by 0.2% at Rs 46,926 per 10 grams.

Meanwhile, silver prices are trading down by 0.4% at Rs 67,870 per kg.

In news from the IPO space, the capital markets regulator has kept the proposed initial share-sale of Aditya Birla Sun Life AMC in abeyance.

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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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