Opening bell: Headline indices trade higher in early deals

IT, Private Bank, Metal, and Realty sectors drag the broader indices.

On Tuesday morning, the benchmark equity indices were seen extending losses from the last trading session. The Dow Jones and tech-heavy Nasdaq gained by 0.28% and 0.13%, respectively.

Shares in the Asia Pacific markets are giving mixed reactions as the Hang Seng index rose by 1.48% and the Shanghai Composite index gained by 0.81%. Meanwhile, Japan’s Nikkei Index was trading lower by 0.03%.

The Sensex is at 55,402.48, down by 363.74 points or 0.65%, whereas the Nifty 50 is trading at 16,521.45, down by 106 points or 0.64%, since the last trading session. Nifty Bank was also down by 0.69% and trading at 36,472.60. BSE Midcap was trading at 23,559.35, down by 0.45% and BSE Smallcap was at 26,606.12, down by 0.50%.

The top gainers on the frontline indices this morning were Bajaj Finserv, Sun Pharmaceuticals Industries, Power Grid Corporation of India, Reliance Industries, and Ultratech Cement. Whereas the top losers Dr Reddy’s Laboratories, Infosys, Nestle India, Axis Bank, Kotak Mahindra Bank, and Hindustan Unilever.

On the BSE, 1212 shares have advanced, 1590 shares have declined and 128 are unchanged. Also,134 stocks have hit their upper circuit and 86 stocks have hit their lower circuit.

The top trending stocks on BSE this morning are Adani Power, Bajaj Finserv, Coromandel International, Tanla Platforms, Vinati Organics, Zomato, and Siemens.

The shares of Tata Steel,  Zomato, Tanla Platforms, Adani Power, and Baja Finserv are being traded in  high volumes on the BSE.

On the sectoral front, the stocks of Energy, Power, Utilities and Media sector are seen gaining on the bourses.

Asian Paints, Bajaj Auto, Aditya Birla Sunlife AMC, Ramco Systems, Tata Power, TTK Health Prestige, are some of the major companies that are going to post their results for Q1FY23.