Sensex, Nifty open higher amid mixed global cues

The Indian market opened higher today amid mixed global cues. Sensex increased by 190 points to 54,516 and Nifty increased by 61 points to 16,327.

The SGX Nifty was trading 15 points lower at 16,243 earlier in the day, suggesting a flat start to the new trading week.

On Friday, the 30 stock Sensex ended at 1,534. Nifty increased its lead to 16,266 by 456.75 points. All Sensex stocks ended up in the green.

Reddy's Labs, Reliance Industries, Tata Steel, Nestle, Larsen Toubro, Axis Bank, IndusInd Bank, Sun Pharma, State Bank of India, and HDFC were the top Sensex gainers, rising to 8.10 per cent.

Sensex rises 235 points to 54,600 and Nifty climbs 55 points to 16,321.

Asian stocks came under pressure on Monday as worries about inflation and rising interest rates weighed on the global economic outlook and new selling in technology stocks weighed on Chinese markets.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat after US stocks ended the previous session with negligible gains for the day. The index is down 3.6% this month.

Shares of Paytm listed as One 97 Communications fell by 4 per cent on the day after the parent of One 97 Communications reported a widening of net loss for the quarter ended March 31, 2022. The large cap stock opened with a loss of 3.99 per cent at Rs 552.4 against the previous close of Rs 575.35 on the BSE.

Maruti, M&M, NTPC, Titan, Asian Paints, and others are the top gainers, rising to 3.79 percent in early trade.

The Sensex is up 190 points to 54,516 and Nifty is up 61 points to 16,327.

The S&P 500 finished the day up 0.57 points at 3,901. The Dow Jones Industrial Average went up from an early loss of 617 points to close 8.77 higher, or less than 0.1%, at 31,261. The Nasdaq composite trimmed its losses to finish 33.88 points lower, or 0.3%, at 11,354. The Indian equity market is likely to open on a flat to negative note today as SGX Nifty was trading 15 points lower at 16,243. The opening of the Indian market is predicted by the Singapore Stock Exchange.

The Sensex ended up with 1,534. Nifty moved 456.75 points to 16,266. All Sensex stocks ended up in the green.