Sensex Opens Marginally Higher; Bharti Airtel And Adani Ports Top Nifty Gainers

Asian stock markets are trading on a mixed note today after Wall Street pulled back from record highs reached in previous sessions, as market participants eye the upcoming earnings season and a series of US economic data.

The Nikkei is trading higher by 0.3% while the Hang Seng is trading down by 0.6%.

On Wall Street, the Dow Jones Industrial Average fell 0.3% to 33,430, while the Nasdaq Composite dropped 0.1%.

Back home, Indian share markets have opened marginally higher.

The BSE Sensex is trading up by 95 points. Meanwhile, the NSE Nifty is trading higher by 46 points.

Adani Ports and Bharti Airtel are among the top gainers today. Kotak Bank, on the other hand, is among the top losers today.

The BSE Mid Cap index has opened up by 0.5%. The BSE Small Cap index is trading higher by 0.6%.

Sectoral indices are trading on a mixed note with stocks in the oil & gas sector and telecom sector witnessing buying interest.

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

Shares of HEG and Time Technoplast hit their 52-week highs today.

The rupee is trading at 73.54 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.2% at Rs 45,800 per 10 grams.

Speaking of the current stock market scenario, after the recent volatility in the stock market, the fears of a correction have only grown and those who were bullish a few days ago are turning bearish.

But is this the right way to think about trading? How should you react to this?

Market participants will be tracking the Reserve Bank of India's (RBI) monetary policy outcome today.

RBI Governor Shaktikanta Das headed six-member monetary policy committee (MPC), as widely expected and as indicated by the central bank in its previous meets, is likely to maintain the status quo to keep the system adequately liquidated and help the economy sustain its growth trajectory as the second wave of coronavirus infections hits hard.

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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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