Stock market midday report: Sensex down 5 points, Nifty around 16,350

On the heels of bearish indications from other Asian markets, Indian stock benchmarks stayed near neutral, with the Sensex and Nifty trading marginally down.

Also Read| Gold, silver and other metal prices on Thursday, June 9, 2022

Asian markets were trading mostly in red with Shanghai Composite declining 17.16 points or 0.53% to 3,246.63, Straits Times trembled 13.23 points or 0.41% to 3,212.57, Hang Seng decreased 78.43 points or 0.36% to 21,936.16, KOSPI fell 2.48 points or 0.09% to 2,623.67 and Taiwan Weighted dropped 67.60 points or 0.41% to 16,602.91. On the flip side, Nikkei 225 surged 124.73 points or 0.44% to 28,359.02 and Jakarta Composite soared 58.69 points or 0.82% to 7,252.00.

Also Read| India may cut GST on Lithium-ion batteries to boost electric mobility

The Sensex is presently trading at 54,887.33, down 5.16 points or 0.01% after moving in a range of 54,507.41 and 55,010.89. On the index, 9 equities advanced and 21 companies declined.

Also Read| BLS International share surges over 10% on acquiring ZMPL for Rs 120 crore

The broader indices were trading in red with the BSE Mid cap index being down by 0.14%, while the Small cap index was down by 0.18%. The top gaining sectoral indices on the BSE were Energy up by 1.18%, Telecom up by 0.88%, Oil & Gas up by 0.87%, Healthcare up by 0.26% and Auto up by 0.15%, while Metal down by 1.75%, Basic Materials down by 1.14%, Realty down by 0.65%, Bankex down by 0.47% and Industrials down by 0.41% were the top losing indices on BSE.

Also Read| Sensex falls over 270 points while Nifty around 16,280 in early trade

The top gainers on the Sensex were Dr Reddy’s Lab up by 2.88%, Maruti Suzuki up by 1.33%, Reliance Industries up by 1.26%, Bharti Airtel up by 0.76% and ITC up by 0.60%. On the flip side, Tata Steel is down by 2.98%, Asian Paints down by 1.64%, SBI down by 1.45%, Bajaj Finance down by 1.42% and Ultratech Cement down by 1.33% were the top losers.

Also Read| Fuel price June 9, 2022: Petrol Rs 96.72, diesel Rs 89.62 in Delhi

The Nifty is presently trading at 16,350.30, down 5.95 points or 0.04% after moving in a range of 16,243.85 and 16,393.85. On the index, there were 18 stocks that advanced and 32 stocks that declined.

Also Read| US Stock Market: DJIA, S&P500, Nasdaq and Russell ended in red on Wednesday

The top gainers on Nifty were Dr Reddy’s Lab up by 2.95%, ONGC up by 1.93%, Bajaj Auto up by 1.57%, Maruti Suzuki up by 1.39% and Reliance Industries up by 1.27%. On the flip side, Tata Steel is down by 2.97%, Hindalco down by 2.26%, Shree Cement down by 2.13%, Grasim Industries down by 1.86% and Asian Paints down by 1.64% were the top losers.