The Sensex and Nifty, the two major market indexes, began flat in early morning trading on Wednesday, ahead of March inflation numbers. The two domestic indexes, on the other hand, progressively went into the green.
The BSE Sensex was up 132 points at 60,289 at 9:35 a.m. The NSE Nifty50, on the other hand, was trading at 17,772, up 50 points.
Reliance, HDFC Bank, HDFC, Tata Motors, Ultra Cemco, Sun Pharma, and Titan were among the winners on the 30-share Sensex platform. Nestle, PowerGrid, HUL, NTPC, and Kotak Bank, on the other hand, were early losers on Wednesday.
Among individual stocks, Tata Consultancy Services (TCS) shares fell slightly ahead of Q4 FY23 earnings. Brokers expect the business to post moderate sales growth in the previous quarter owing to the seasonal slowdown, but they anticipate margin expansion due to decreased attrition. Furthermore, Sula Vineyards’ stock increased by more than 6% when the winery reached 1 million cases.
In wider markets, the Nifty Midcap 100 and Nifty Smallcap 100 indexes outpaced benchmark indices by up to 0.2% apiece.
Sectorally, the Nifty Metal and Nifty Pharma indexes led the charge, rising up to 0.5%. On the other hand, the Nifty IT and Nifty FMCG indexes fell by up to 0.1%.
The S&P BSE Sensex rose 311 points to 61,152 in the previous session on Tuesday. The NSE Nifty, on the other hand, increased by 98 points to 17,722.