Sensex Trades Volatile, Nifty Holds Above 17,200 On Weak Global Cues
NDTV
Sensex, Nifty Live Updates: As of 9:30 am, the Sensex was up 0.08 per cent or 48.54 points at 57,946.20, while the Nifty was up 147 points to 17,233.05 on the back of weak global cues
The Indian equity benchmarks edged lower on Wednesday, December 29, on the back of weak global cues due to year-end portfolio adjustments. As of 9:30 am, the Sensex was up 0.08 per cent or 48.54 points at 57,946.20, while the Nifty was up 147 points to 17,233.05. Pharma stocks mostly led gains as the government approved the use of two more vaccines - Corbevax and Covovax and one anti-viral drug - Molnupiravir yesterday, to boost the fight against the COVID-19 pandemic.
HDFC Bank, Infosys, Power Grid Corporation of India, Coal India, NTPC were among the top drags. On the flipside, IndusInd Bank, Cipla, Sun Pharma, Dr Reddy's Labs were among the top gainers.
Mid- and small-cap shares were trading on a positive note as Nifty Midcap 100 index was up 0.40 per cent, while the Nifty Smallcap 100 index rose 0.82 per cent.
Asian stocks slipped on Wednesday, following a mixed Wall Street session as the region's investors positioned their portfolios for the new year and continued to grapple with increasing global numbers of Omicron coronavirus cases.
