Nifty today: Sensex flat amid selling pressure in bank stocks; IT stocks gain; ONGC rises 2%

New Delhi: Domestic equity benchmarks started Wednesday’s session on a flat note amid selling pressure in bank stocks. IT stocks on the other hand gained in early trade.

The S&P BSE Sensex index rose as much as 136 points to touch 52,401.41 in the first few minutes of trade, and the broader NSE Nifty50 benchmark climbed to as high as 15,772.80, up 33 points from its previous close.

was the top Nifty50 gainer in early deals, up 1.84 per cent. Tata Motors, Infosys, Asian Paints and Divi’s Lab were among other blue-chip top performers.

On the other hand, Britannia was the top laggard, down 0.80 per cent. ICICI Bank, Hindalco, Shree Cements, Grasim were among other losers.

Equities in other Asian markets were muted in early trade. MSCI’s broadest index of Asia-Pacific shares outside Japan was down by 0.22 per cent.

Overnight on Wall Street, the three benchmark indices settled mixed. Dow Jones slipped 0.09% to 34,599.82. S&P500 index inched up 0.02% to 4,228.26, while Nasdaq Composite added 0.31% to 13,924.91.

Meanwhile, in the oil market, crude prices rose for the second with Brent futures up 15 cents, or 0.2%, at $72.37 a barrel. US West Texas Intermediate (WTI) crude futures jumped 20 cents, or 0.3%, to $70.25 a barrel after rising to as high as $70.42, the most since Oct. 17, 2018.

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