Equity markets trade flat; Adani Ports, NTPC up 2%

Standard market indicators It rebounded in early trading on Thursday after falling in the past three days, amid bank and information technology counter buying that has been hit recently.

The 30-share BSE Sensex Index, after rising 210.49 points to 59,778.29 in early trading, is now (10.40 am) trading at 59,528.02 points (-39.78 points). The broader NSE Nifty is trading 22 points lower at 17,596.

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Among Sensex companies, Titan, Larsen & Toubro, Power Grid, Tata Motors, Asian Paints, ITC, Indus End Bank, Tata Consultancy Services, ICICI Bank, Wipro and NTBC were the biggest gainers.

Nestlé and Reliance Industries were the only two left behind.

In Asian markets, Japan and Hong Kong traded in positive territory, while Seoul and Shanghai posted declines.

Pick of the day: Voltas (INR 851.3): Buy

US markets closed mostly lower on Wednesday.

Prashanth Tapse, Senior Vice President (Research), Mehta Equities Limited said: “Intraday, domestic benchmarks may see sideways movement as concerns about further interest rate hikes in major European economies and the US could dampen sentiment and trigger more rounds of corrections. “.

Down for a third day, the BSE Sensex fell 159.21 points, or 0.27 percent, to settle at 59,567.80 points on Wednesday. The Nifty Index fell by 41.40 points, or 0.23 percent, to close at 17,618.75.

Meanwhile, Brent crude, the global benchmark for oil, fell 1 percent to 82.29 US dollars per barrel.

Foreign Portfolio Investors (FPIs) offloaded shares worth Rs 13.17 crore on Wednesday, according to exchange data.