Sensex hits 50 points at Open, handily above 17,800; Most important points

Stock market today: Indian stock markets opened in the green amid mixed global signals and declining crude oil prices. At 09:16 IST, the Sensex was up 64.90 points or 0.11 percent at 59907.11 and the Nifty was up 19.40 points or 0.11 percent at 17844.70.

Top winners and losers

NTPC, Grasim Industries, BPCL, Hero MotoCorp and Eicher Motors were among the big winners of the Nifty, while the losers were HDFC, HDFC Bank, Infosys, TCS and HCL Technologies.

Broader markets also reflected similar resilience as Nifty Midcap 100 and Nifty Smallcap 100 rose to 0.5 percent.

Sector-wise, Nifty Bank, Nifty Bank, Nifty FMCG were the winners. Nifty IT, however, was the only sectoral loser among the pack.

Of the individual stocks, Mahanagar Gas’s shares fell more than 3 percent after the firm lowered the prices of PNG and CNG.

In addition, the shares of NTPC rose more than 2 percent as the energy giant launched a tender to raise Rs 5,000 crore term loans from financial institutions.

Global clues

Investors worldwide will follow the minutes of the US FOMC meeting on Wednesday to understand the inflation and recession projections. That aside, US markets were mixed on Tuesday as Dow Jones climbed 0.7 percent, while the S&P 500 rose 0.1 percent and NASDAQ Composite fell 0.1 percent.

Asian stocks followed a solid performance on Wall Street on Wednesday as strong overnight gains for US retail giants pointed to more room for the Federal Reserve to tackle inflation with rate hikes.

Tokyo stocks opened higher on Wednesday as investors took heart from strong reports on the US retail sector and concerns about inflation eased. The benchmark Nikkei 225 index rose 0.40 percent or 114.52 points to 28,983.43 in early trading, while the broader Topix index rose 0.46 percent or 9.10 points to 1,991.06.

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