Last updated: May 17, 2023, 9:30 AM IST
Sensex Today: Indian indices opened on a flat note on May 17 amid mixed global signals. The Sensex was down 93.70 points or 0.15% at 61,838.77 and the Nifty was down 21.00 points or 0.11% at 18,265.50. Approximately 1176 shares advanced, 700 shares fell and 117 shares remained unchanged.
BPCL, Apollo Hospitals, Bajaj Auto, Bharti Airtel and M&M were among the big winners of the Nifty, while losers included Infosys, JSW Steel, Tech Mahindra, HCL Technologies and Hindalco Industries.
Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said: “As a batsman approaches the century, he can get stuck in the ‘nervous nineties’ for a while. It looks like the market is in a similar state as it approaches a new all-time high. While conditions are favorable for a new record, there are short-term issues, such as the deadlock in the US debt ceiling, that could weigh on global markets in the short term. Relentless FPI buying, falling inflation, the market momentum and good results from the rally-leading financials could support this rally, even with occasional corrections. The short-term uncertainty makes the market direction a bit confusing, but for long-term investors, this is a good buy on dips market.”
Tokyo shares opened higher on Wednesday despite falls on Wall Street, where a dismal earnings report from Home Depot spooked investors. The Nikkei index rose 0.41 percent, or 123.44 points, to 29,966.43 in early trading, while the broader Topix index added 0.11 percent, or 2.32. points, to 2,129.50.
US stock indices closed lower on Tuesday after a disappointing Home Depot and US retail sales forecast for April pointed to weaker consumer spending, while interest rate uncertainty and debt limit negotiations weighed on sentiment.