Sensex, Nifty trade with marginal gains in early session
The Hindu
The 30-share Sensex rose 60.05 points or 0.08% to 73,117.45 points while the broader Nifty inched up 21.65 points or 0.1% to 22,218.60 points
Equity benchmark indices Sensex and Nifty eked out marginal gains in early trade on Wednesday amid Asian markets witnessing mixed trends and investors awaiting cues from the US Federal Reserve on interest rate trajectory.
The 30-share Sensex rose 60.05 points or 0.08% to 73,117.45 points while the broader Nifty inched up 21.65 points or 0.1% to 22,218.60 points.
In the Sensex pack, 17 stocks were in the green, and among the Nifty constituents, 29 were trading with gains.
While JSW Steel climbed more than 2%, Mahindra & Mahindra, Tata Steel, and Bharti Airtel rose over 1 per cent in early deals.
Asian markets witnessed mixed trends, with Hong Kong's Hang Seng and China's SSE Composite Index recording gains while Japan's Nikkei 225 was trading almost flat.
Deepak Jasani, Head of Retail Research at HDFC Securities, said US stocks ended lower on Tuesday as investors await earnings results from AI darling Nvidia on Wednesday as well as new clues from the Federal Reserve officials on interest rates after last week's inflation data.
"US Fed officials will be speaking publicly, coupled with Wednesday afternoon's release of minutes from the central bank's January 30-31 meeting," he said in a pre-market open note.
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