Sensex, Nifty Open Flat; Adani Enterprises rose 5%

Last updated time: 09 March 2023, 09:26 IST

Sensex today: Domestic markets opened on a flat note on Thursday, with traders worried about rate hikes amid mixed global signals. The BSE Sensex fell 40-odd points to 60,306, while the NSE Nifty50 was unchanged at 17,754.

Tata Steel, Bharti Airtel, L&T, Axis Bank, HCL Tech and Tata Motors rose up to 1.8 percent in the Sensex. Hindalco and JSW Steel were additional gainers on the Nifty.

On the other hand, Reliance, ICICI Bank, M&M, TCS, SBI Life and Bajaj Finserv were the laggards on both indices.

Global symbols

Globally, US stock markets were mixed overnight as US Federal Reserve Chairman Jerome Powell confirmed that he would hold on to rate hikes in his second day of testimony to Congress.

While the Dow Jones closed flat, the S&P 500 and NASDAQ Composite rose as much as 0.4 percent, after Powell suggested that the next rate hike decision would be based on data released before the March meeting.

Following the announcement, the U.S. dollar index, which measures the greenback against a basket of six currencies, retreated from a three-month high to 105.61.

Meanwhile, Asia-Pacific markets were higher this morning, with the Nikkei 225, Topix, Kospi and S&P 200 indices rising up to 1 percent.

Brent Crude and WTI Crude prices fell 0.2 percent to $86 a barrel and $76 a barrel, respectively.

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