Sensex, Nifty Open Flat; Pharma, FMCG stocks rise

Last updated time: Mar 14, 2023 09:37 IST

Sensex today: Domestic markets are likely to recover in Tuesday’s trading session after two consecutive days of losses. The Sensex was down 114.36 points, or 0.20%, at 58,123.49, while the Nifty was down 32 points, or 0.19%, at 17,122.30. About 1033 stocks advanced, 901 stocks declined, and 105 stocks remained unchanged.

Dr Reddy’s Laboratories, L&T, ONGC, BPCL and SBI Life Insurance were major gainers on the Nifty, while losers were Adani Enterprises, Adani Ports, M&M, Asian Paints and IndusInd Bank.

The broader markets were also volatile in trade as the Nifty Smallcap 100 and Nifty Midcap 100 fell as much as 0.3 percent. India VIX volatility index exceeded 3 percent.

Sector-wise, Nifty IT and Nifty Pharma traded marginally higher, while the rest remained swamped.

Among individual stocks, Krsnaa Diagnostics rose more than 4 percent after it launched another 100 pathology collection centers.

Meanwhile, shares of Lupine rose more than 1 percent after the USFDA completed an inspection of its bioresearch facility in Pune without any oversight.

Global symbols

Asian shares fell on Tuesday as investors around the world continued to worry about what lies ahead after the failures of the second- and third-largest banks in US history.

Tokyo stocks fell sharply on Tuesday after a mixed session on Wall Street and European markets fell, despite US President Joe Biden’s insistence that America’s banking system is sound. The benchmark Nikkei 225 index fell 2.33 percent, or 649.86 points, to 27,183.10 in almost an hour, while the broader Topix lost 2.95 percent, or 58.95 points, to 1,942.04. reached

Floating bank stocks dragged Wall Street lower on Monday, as investors worried about contagion from the Silicon Valley slump, but trading fell and the Nasdaq composite actually rose as some sectors benefited from hopes that the Federal Reserve will ease interest rate hikes.

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