Sensex down 100 pts, Nifty below 23,400; Nifty Metal rises over 2%

The Nifty50 and the Sensex swung between profit and losse amid mixed global cues.

The Nifty50 was trading 6.95 points or 0.03 per cent down at 23,382.40, and the Sensex was trading 90.03 points or 0.12 per cent down at 74,470.47.

Eicher Motors, Power Grid Corporation, and Shriram Finance were the top losers in the Nifty50 index.

In the broader markets, the Nifty MidCap and Nifty SmallCap were trading 0.61 per cent and 0.51 per cent higher, respectively.

Sector-wise, the Nifty Metal outperformed. Meanwhile, the Nifty PSU Bank and the Nifty Media underperformed.

On the external front, investors await the meeting between US President Donald Trump and Chinese President Xi Jinping, scheduled later today, where trade will be discussed.

They also assessed Washington’s harsh stance on Iran post Trump’s fragile ceasefire remark to get further cues about the geopolitical tension in West Asia.

Brent crude’s May future contract was trading 1.18 per cent down at $106.50 per barrel on the Intercontinental Exchange.

The Gold and the Silver futures were trading 0.36 per cent and 1.97 per cent higher, respectively.

Q4 results today

Balaji Amines, The Bombay Burmah Trading Corporation, Bharti Airtel, Bharti Hexacom, CARE Ratings, Cipla, Crompton Greaves Consumer Electricals, DCM Shriram, DLF, eClerx Services, GlaxoSmithKline Pharmaceuticals, Hindustan Petroleum Corporation, Inventurus Knowledge Solutions, Interarch Building Solutions, JSW Dulux, Kaynes Technology India, Kirloskar Brothers, LIC Housing Finance, Man Infraconstruction, Metropolis Healthcare, NLC India, Oil India, Onesource Specialty Pharma, Paras Defence and Space Technologies, Power Finance Corporation, Quality Power Electrical Equipments, Redington, Sagar Cements, Sharda Cropchem, Signatureglobal (India), SKF India, Suven Life Sciences, Tourism Finance Corporation of India, Tube Investments of India, Tata Motors, TVS Holdings, TVS Motor Company, Zaggle Prepaid Ocean Services, and ZF Commercial Vehicle Control Systems India will release their fourth-quarter result on Wednesday.

IPO Today

Goldline Pharmaceutical’s initial public offering will enter its second day of subscription. It’s a book-build issue of ₹11.61 crore.

Similarly, the RFBL Flexi Pack IPO will also open for subscription for the seconday. The ₹35.33-crore book build IPO consists of both fresh issue and offer for sale.