10 hrs ago

Sensex, Nifty Edge Higher as Crude, Tensions Restrain Risk Appetite

Indian stock markets were slightly higher during Thursday’s trading session.

The Sensex and Nifty 50 both gained a small amount.

Investors remained cautious because oil prices were high and geopolitical tensions continued.

The article’s headline says crude was above $100 a barrel, while its body says prices were moving closer to that level.

Small-company shares performed better than medium-sized shares.

Many sectors, including pharmaceuticals, metals, healthcare and autos, declined.

Asian markets and United States markets were also weak.

Investors were watching inflation data and central-bank decisions for clues about future interest rates.

Key facts

Sensex level: 74,855.45, up 91.22 points or 0.12% at 12:46 pm.
Nifty 50 level: 23,455.80, up 24.30 points or 0.10% at 12:46 pm.
Nifty support: 23,240–23,260; a break below 23,245 could expose 23,070–23,100.
Nifty resistance: 23,560–23,580, with a move above 23,580 potentially targeting 23,720.
Market breadth: Of 3,496 NSE stocks traded, 1,598 advanced, 1,776 declined and 122 were unchanged.
Sector performance: Media outperformed, while pharma, metal, healthcare and auto stocks led declines.
Global markets: Asian markets traded lower; the Dow Jones fell 400 points, the Nasdaq lost 0.6% and the S&P 500 declined 0.5% on Wednesday.
Crude-price description: The headline describes crude as above $100 per barrel, while the article body says futures were nearing that level.

thehindubusinessline.com · 10 hrs ago