Partner With Us NRI

Benchmarks indices trade near the flat line; European shares advance

Published on Nov 23, 2023 13:31

The domestic equity barometers traded near the flat line, with some positive bias in afternoon trade. The Nifty traded above the 19,800 level. Markets in Europe and Asia mostly traded in the green today.

At 13:27 IST, the barometer index, the S&P BSE Sensex, was up 12.84 points or 0.02% to 66,036.08. The Nifty 50 index added 1.15 points or 0.01% to 19,813.

In the broader market, the S&P BSE Mid-Cap index rose 0.22% while the S&P BSE Small-Cap index gained 0.52%.

The market breadth was positive. On the BSE, 2,073 shares rose and 1,545 shares fell. A total of 155 shares were unchanged.

Stocks in Spotlight:

TVS Motor Company rose 1.88%. The company announced its entry into Vietnam in collaboration with Minh Long Motors � its distribution partner. TVS Motor Company will offer a range of scooters and underbone motorcycles, across multiple price points, in keeping with its commitment to responsible and sustainable mobility.

InterGlobe Aviation was up 0.04%. The company has received orders from the Commissioner of Income Tax Appeals for the Assessment year 2016-17 and 2017-18. A demand of Rs 739.6 crore (AY 2016-17) and Rs 927 crore (AY 2017-18) was raised by the Assessing officer, against which the company had preferred appeal before Commissioner of Income Tax -Appeals.

Power Grid Corporation of India shed 0.92%. The power transmission company on Wednesday announced that its committee of directors on investment on projects has approved two investment proposals aggregating to Rs 367.1 crore.

Central Depository Services Limited (CDSL) jumped 4.28%. The company said it crossed a milestone of registering over 10-crore demat accounts.

Global Markets:

European markets opened in the green while Asian stocks traded mixed on Thursday. Japan�s markets are closed due to a public holiday.

Investors in Europe will be keeping an eye on preliminary purchasing managers� index data from the euro zone for November for the latest indication of economic activity in the services and construction sectors.

Markets will also be keeping an eye on Dutch election results after an exit poll showed right-wing populist Geert Wilders to be on track for a dramatic victory with his Freedom Party, the PVV.

US stocks closed higher on Wednesday after yields briefly fell to their lowest level in two months. Trading was muted ahead of the Thanksgiving holiday on Thursday. U.S. markets will be open for half a day on Friday.

US crude prices fell about 5% Wednesday after the Organization of Petroleum Exporting Countries delayed a pivotal meeting on production cuts that was scheduled for the weekend. OPEC said in a statement that the meeting of energy ministers is delayed until next Thursday.

Powered by Capital Market - Live News