Markets quote flat after positive beginning in highly volatile trade
The Hindu
Market indices open positive but later trade flat in volatile session; Sensex up 181 points in early trade, Nifty 49 points; Asian Paints, Wipro, Maruti, TCS, L&T, Titan gain; ICICI Bank, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Infosys, NTPC lag
Equity benchmark indices began the trading session on a positive note on Wednesday but were later trading flat in a highly volatile trade amid mixed cues from Asian markets and unabated foreign fund outflows.
The 30-share BSE Sensex climbed 181.6 points to 65,124 in early trade. The Nifty went up by 49 points to 19,455.70.
But, later both the benchmark indices faced heavy volatility and were trading with marginal gains.
Among the Sensex firms, Asian Paints, Wipro, Maruti, Tata Consultancy Services, Larsen & Toubro and Titan were the major gainers.
ICICI Bank, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Infosys and NTPC were among the laggards.
In Asian markets, Seoul and Tokyo were quoting lower, while Shanghai and Hong Kong traded in the green.
The U.S. markets ended in the positive territory on Tuesday.
As Telugu Desam Party (TDP) chief N. Chandrababu Naidu is all set to take oath as the Chief Minister of Andhra Pradesh for the fourth time, at Kesarapalle IT Park located near Vijayawada on June 12 (Wednesday), arrangements are underway for a live telecast of the ceremony at eleven places across the Nellore district.
Governor S. Abdul Nazeer has invited the Telugu Desam Party (TDP), which is part of the National Democratic Alliance (NDA), to form the government in the State. The swearing-in ceremony will be held at Kesarapalle near here on June 12 (Wednesday). Prime Minister Narendra Modi and a host of national leaders will take part in the event
Ambassador of Finland to India Kimmo Lähdevirta on Tuesday said Finnish companies “face issues” in Tamil Nadu due to regulations that prevent their participation in tendering processes. Interacting with senior journalists of The Hindu at its head office in Chennai, he said certain regulations imposed by the State government were limiting.