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Stock Market Updates: Sensex Opens Flat, Nifty50 Above 18,050; Key Points

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[ad_1] Last Updated: January 18, 2023, 09:29 IST FILE PHOTO: A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui Sensex Today: Key benchmarks opened on a positive note today. Sensex Today: Key benchmarks opened on a positive note today. Quarterly results, coupled with global trends, oil prices, and foreign fund flow, are expected to guide investors in Wednesday’s trade. The S&P BSE Sensex was quoting at 60,708 levels in early deals, up 2 points or 0.09 per cent. The Nifty50, meanwhile, was at 18,076 levels. In the broader markets, the BSE MidCap and SmallCap indices outrun frontline indices by gaining up to 0.2 per cent. Among sectors, the Nifty Metal index led from the front, advancing 0.8 per cent on the National Stock Exchange (NSE). On the flipside, the Nifty Realty index fell 0.5 per cent to trade as the top dragging index on the exchange. Global Cu

Raging Bulls! Sensex Surges 950 pts, Investors Gain Rs 3.55 lk cr; Why Market is Rising?

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[ad_1] Why is Sensex Rising today? Domestic markets extended gains in Monday’s intra-day trade, as improved global cues and low-level buying pushed indices higher, which led to short covering, which, in turn, aided more buying. Furthermore, investor focus also turned to corporate health as earnings season kicks off today with TCS results. The BSE Sensex was trading 951 points or 1.59 per cent higher at 60,851. Nifty50 was trading at 18,131, up 271 points or 1.52 per cent at around 11.35 am. Investors, meanwhile, turned richer by Rs 3.55 lakh crore amid broad-based buying as bulls returned to Dalal Street after three-day hiatus. Frontline stocks such as Infosys, Tata Consultancy Services and Reliance Industries contributed to the climb. As many as 101 stocks hit their 52-week lows today. BSE stocks such as Abbott India, IDBI Bank and Jindal Steel and 98 other stocks hit their respective one-year high levels. That said, 24 stocks touched their one-year low levels today. Here are th