Sensex flat with positive bias; Nifty trades at 10588

Sensex flat with positive bias; Nifty trades at 10588

Andrew Cummings
April 26, 2018

On Thursday, Asian indices were showing a mixed trend.

On the other hand, Wipro (4.06%), ICICI Bank (0.97%), Hero Motocorp (0.93%), Adani Ports and Special Economic Zone (0.84%), Bharti Airtel (0.71%), and Axis Bank (0.66%) were the biggest losers in the Sensex.

Yes Bank was the top performer in the 30-share Sensex pack, surging 8.26 per cent, after the private lender reported a 29 per cent jump in its net profit (standalone) at Rs 1,179.40 crore for the March quarter.

The Sensitive Index (Sensex) of the BSE, which had closed at 34,501.27 points on Wednesday, opened higher at 34,532.95 points.

BPCL, HPCL and International Olympic Committee were down between half a percent and 1.3 percent as Brent crude oil futures held steady above $74 a barrel on hopes for strong demand growth as well as concerns over supply disruptions in Venezuela and the Middle East.

Overseas, MSCI's broadest index of Asia-Pacific shares outside Japan bounced back from three-week lows plumbed the previous day and gained 0.35 per cent.

Among the sectoral indices on the BSE, IT was up 1.24 per cent and Metal was down 1.43 per cent. Oil & Gas (-1.33 per cent) and Capital Goods (-1.2 per cent) also more than 1 per cent. Brent crude oil futures were trading higher at Dollars 74.53 per barrel while WTI crude oil traded at USD 68.41 per barrel.

Indian shares opened on a flat note on Thursday as investors assessed a slew of earnings reports and kept a wary eye on oil prices and bond yields in the USA for directional cues.

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