Sensex Opens Flat; SBI & IndusInd Bank Top Losers

Asian share markets opened lower today, with investors waiting for inflation and monetary policy clues later in a week full of key central bank meetings and data points.

The Hang Seng is down 0.4% while the Nikkei is trading lower by 0.1%. The Shanghai Composite is trading down by 0.5%.

In US stock markets, Wall Street indices ended on a mixed note. The Dow Jones Industrial Average fell 0.4%, while the Nasdaq added 0.5%.

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

A total of 46 companies including Engineers India, Petronet LNG, and Suven Pharma are scheduled to release their quarterly earnings today.

The BSE Sensex is trading down by 23 points. Meanwhile, the NSE Nifty is trading lower by 9 points.

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

The BSE Mid Cap index and the BSE Small Cap index have opened higher by 0.4% and 0.6%, respectively.

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

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

Shares of Cera Sanitary and Grindwell Norton hit their 52-week highs today.

The rupee is trading at 72.77 against the US$.

Gold prices are trading down by 0.1% at Rs 49,130 per 10 grams.

Meanwhile, silver prices are trading down by 0.3% at Rs 71,610 per kg.

In news from the defense sector, India exported military hardware and systems worth Rs 357.8 bn in the last seven years, according to a document released by Defence Minister Rajnath Singh on Monday.

The e-booklet, highlighting the major reforms undertaken by the Ministry of Defence (MoD) in 2020, also mentioned that the defense exports expanded to more than 84 countries.

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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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