New Delhi, 14 October (H.S.): The Indian stock market remained volatile on Wednesday, the third trading day of the week, with the benchmark Sensex and Nifty trading largely flat amid selling pressure in information technology (IT) stocks and HDFC Bank shares.
In early trade, the BSE Sensex fell 32.96 points to 73,000.82, while the NSE Nifty declined 32.65 points to 22,688.75. However, both benchmark indices subsequently recovered their initial losses.
At the time of reporting, the BSE Sensex, comprising 30 stocks, was trading 14.82 points higher, up 0.020 per cent, at 73,048.60. Meanwhile, the NSE Nifty was down 3.60 points, or 0.016 per cent, at 22,718.35.
Among the Sensex constituents, Tata Consultancy Services (TCS), HCL Technologies, Infosys, Kotak Mahindra Bank, UltraTech Cement, Tech Mahindra, Maruti Suzuki and HDFC Bank were among the leading gainers.
On the other hand, shares of Sun Pharmaceutical Industries, Bajaj Finance, Bajaj Finserv, Larsen & Toubro, Power Grid Corporation of India and Eternal declined.
Meanwhile, major Asian markets were trading in positive territory. South Korea’s KOSPI, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng were all recording gains.
The Indian rupee also strengthened by 44 paise in early trade, reaching 94.92 against the US dollar.
Notably, the domestic stock market had staged a strong recovery on Tuesday. The BSE Sensex surged 1,109.10 points, or 1.54 per cent, to close at 73,033.78. The NSE Nifty also advanced 358.60 points, or 1.60 per cent, to settle at 22,721.95.
The gains marked the Nifty’s strongest single-day recovery in more than two months.
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Hindusthan Samachar / Jun Sarkar
