Sensex, Nifty Trade Flat Amid Choppiness; Asian Paints Surges 4%, Axis Bank Plunges 5%
NDTV
The broader markets are witnessing buying interest, with the BSE Midcap index and BSE Smallcap index gaining 0.4 per cent and 0.6 per cent respectively
The benchmark indices are trading in a subdued manner on Wednesday afternoon, amid bouts of volatility. Asian Paints has surged more than 4 per cent, whereas Axis Bank has tanked 5 per cent post its Q2 results. The Sensex has been confined to a narrow range of 250 points from an intra-day low of 61,315 and a high of 61,576. As of 1:00 pm, the BSE benchmark is trading at 61,458.55, higher by 110 points or 0.18 per cent and the NSE Nifty is at 18,316.30, up 45 points or 0.25 per cent.
The broader markets are witnessing buying interest, with the BSE Midcap index and BSE Smallcap index gaining 0.4 per cent and 0.6 per cent respectively.
In the currency market, the rupee has depreciated by 6 paise to 75.02 against the US dollar on Wednesday, weighed down by firm crude oil prices and a strong dollar. At the interbank foreign exchange, the rupee opened on a weak note at 75.02, registering a decline of 6 paise from the last close.
On the stock-specific front, Asian Paints has soared 4 per cent to Rs 3,100 top the gainer's list on the BSE on reports that India's leading company has hiked the prices of its products. SBI, Sun Pharma and ICICI Bank have gained around 2 per cent each on the BSE.
