LIVE Share market update: Indices inch higher amid volatility; Nifty, Sensex gain as PSU Banks shine once again

Stocks like Bank of Baroda, Bank of India, Canara Bank, HAL and PNB have hit fresh 52-week high levels.

Market update at 11.40 AM: Broader indices are inching higher amid volatility. NSE Nifty 50 and BSE Sensex 30 trade marginally higher by 0.20 per cent while Midcap and Smallcap indices are up over half a per cent.

Media and PSU Banks are the top performers amongst the sectors. Realty and FMCG are trading on a flat note.

Apollo Hospitals, Bajaj Finance and HDFC Life Insurance are the top gainers from the Nifty 50 stocks while Adani Enterprises, Powergrid Corporation and Adani Ports are weak today.

A total of 1236 stocks are advancing while 686 stocks are declining, thus indicating positive market breadth.

Meanwhile, stocks like Bank of Baroda, Bank of India, Canara Bank, HAL and PNB have hit fresh 52-week high levels.

18,300 is expected to act as a strong resistance for Nifty while 18,200 shall continue to remain a good support

Market update at 9.30 AM: Indices have opened higher amid positive global cues. NSE Nifty 50 index has jumped 0.30 per cent while BSE Sensex has soared nearly 200 points. Strong buying is seen across midcap and smallcap stocks.

PSU Banks and Auto have seen positive sentiment at the start of the session. India VIX has slipped over 4 per cent amidst such positivity.

Pre-market update: The American indices rallied during Tuesday’s trading session, as reports suggested that inflation could dampen in upcoming months, while a jump in oil prices boosted energy stocks. Dow Jones climbed nearly 400 points while S&P500 rose 1.36 per cent. Meanwhile, the Asian markets have opened positive and SGX Nifty indicates a gain of 60 points.

Crude oil jumped over 1 per cent after OPEC+ is expected to cut supplies amid recession concerns.

In the last trading session, the FIIs have sold to the tune of Rs 697 crore while the DIIs bought shares worth Rs 636 crore.

All focus shall be on US Fed minutes scheduled to be released later this evening. Meanwhile, the broader indices are expected to remain volatile with monthly expiry on cards.

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