Sensex Opens Flat; Metal And Realty Stocks Under Pressure

Asian share markets held on to recent gains despite hawkish remarks from a senior official at the US Federal Reserve.

The Hang Seng is down 0.3% while the Nikkei is up 0.4%. The Shanghai Composite is trading on a flat note.

In US stock markets, Wall Street indices fell from the record after the vice-chair of the Federal Reserve suggested rates could rise by 2023 and mixed economic data for July showed US companies adding far fewer jobs than expected.

Overall, the Dow Jones Industrial Average fell 0.9% and the Nasdaq rose 0.1%.

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

Adani Power, NCC, GAIL, Tata Chemicals, Cipla, Quess Corp, Indiabulls Housing Finance, and Gujarat Gas are among the companies that will post their results today.

The BSE Sensex is trading down by 16 points. Meanwhile, the NSE Nifty is trading lower by 12 points.

Bharti Airtel and Tech Mahindra are among the top gainers today. IndusInd Bank, on the other hand, is among the top losers today.

The BSE Mid Cap index has opened down by 0.8%. The BSE Small Cap index is trading lower by 1.3%.

Sectoral indices are trading mixed with stocks in the telecom sector and IT sector witnessing buying interest.

Metal stocks and realty stocks, on the other hand, are trading in the red.

Shares of Sonata Software and Mphasis hit their 52-week highs today.

The rupee is trading at 74.20 against the US$.

Gold prices are trading down by 0.1% at Rs 47,800 per 10 grams.

Meanwhile, silver prices are trading down by 0.5% at Rs 67,605 per kg.

Speaking of stock markets, in her latest video, Richa Agarwal talks about 6 stocks to ride the internet economy megatrend.

These are phenomenal times for Indian stock markets as new-age internet-based businesses are in line for listing.

In news from the telecom sector, Vodafone Idea is among the top buzzing stocks today.

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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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