E-Paper
Sensex, Nifty open positive amid Middle East concerns, fund outflows
At 9:16 am, BSE SENSEX traded at 74,692.59, up by 163 points or 0.22 per cent while NSE was at around 23,385, about 56.85 points or 0.24 per cent up.
Prefer HTon Google
Indian stock market indices opened to a muted start on Wednesday, September 23, amid overhanging concerns over the Middle East conflict. Persistent foreign fund outflows have also been offsetting positive cues from Asian markets.
GIFT Nifty futures were at 23,343 points, as of 7:49 am, indicating a flat start for the benchmark Nifty 50 index, which closed at 23,329 on Tuesday, according to figures cited in a Reuters report.
Read More | Why is GameStop stock rising? Ryan Cohen’s $26M share buy puts GME in focus
At 9:16 am, BSE SENSEX traded at 74,692.59, up by 163 points or 0.22 per cent while NSE was at around 23,385, about 56.85 points or 0.24 per cent up.
Brent crude futures saw a little changed, around $99 per barrel, on increased Gulf supply and hopes for a diplomatic solution to the US-Iran war through talks at the UN in New York.
Also Read | UNGA 2026 highlights: Trump seeks Iran's ‘economic isolation’, calls for Ukraine peace
While US President Donald Trump warned that he could "annihilate" Iran, he also said his envoys Steve Witkoff and Jared Kushner had held productive talks with mediators of Iran to end the war.
Sensex, Nifty ended lower on Tuesday
As reported by PTI, Sensex and Nifty closed lower on Tuesday despite positive global market cues and a decline in crude oil prices. Reportedly, the downturn was led by pressures in IT, financial and capital good stocks.
The 30-share BSE Sensex fell 329.91 points, or 0.44 per cent, to close at 74,529.08. During the day, it slipped by 435.28 points, or 0.58 per cent, to 74,423.71, as per the report.
Also Read | NSE IPO Allotment Status: How to check NSE IPO allotment online, step-by-step guide
The 50-share NSE Nifty declined 85.30 points, or 0.36 per cent, to end at 23,329, braeking a four-day streak. Among the Sensex firms, Bajaj Finserv, Trent, Bajaj Finance, State Bank of India, Sun Pharma and UltraTech Cement fell behind. While, Eternal, Interglobe Aviation, Titan and Tata Steel were among the winners.
Indian markets faced mild downward pressure yesterday, with the BSE MidCap Select and SmallCap Select indices losing 0.27 per cent and 0.22 per cent. Losses were widespread across sectors, led by declines in Housing Finance (down 1.03 per cent) and Focused IT (down 1.01 per cent). Sectors like Capital Goods, IT, FMCG, banking indices (PSU Bank and Bankex), and Insurance also experienced modest pullbacks.
