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The Indian benchmark indices mirrored their Asian peers and remained subdued in trade on Wednesday.
China’s move to reopen its economy by easing its zero-Covid policy has revived inflation fears, leading the Asian markets lower.
The headline indices opened lower and traded flat amid volatility through Wednesday.
The S&P BSE Sensex closed down by 17 points or 0.03% at 60,910.28, while the NSE Nifty 50 was 10 points or 0.05% lower at 18,109.25.
Titan Co., Mahindra and Mahindra Ltd., Power Grid Corp of India Ltd., Maruti Suzuki India Ltd. and UPL Ltd. were the top gainers amongst the NSE Nifty 50 constituents.
Whereas, Bharti Airtel Ltd., Apollo Hospitals Enterprise Ltd., Hindalco Industries Ltd., Tata Steel Ltd. and Bajaj Finserv Ltd. were the top losers in the gauge.
The broader market indices outperformed their larger peers; S&P BSE MidCap was up by 0.23%, whereas S&P BSE SmallCap was higher by 0.45%.
Eleven out of the 20 sectoral indices compiled by BSE advanced, while nine declined.
The market breadth was skewed in favour of the bulls. About 2,080 rose, 1,398 declined, and 151 remained unchanged on the BSE.
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Image and article originally from www.bqprime.com. Read the original article here.