Kolkata: 

Both benchmark indices Sensex 30 and Nifty 50 opened in the red on Thursday, June 12 but then quickly moved into the positive territory.

In the first few minutes the indices kept bobbing up and down reflecting a sort of indecision among the investors. At 11:45, Sensex was trading at 82,159.19 points, down 355.95 or 0.43% while Nifty was at 25,036.05, down 105.35 points (or 0.42%).

No clear triggers:

“The recent flattish trend in the market is likely to continue in the near-term since there are no clear positive triggers that can push the market much higher,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments was quoted as saying.

In the morning Japan’s crucial Nikkei 225 index lost 0.7 per cent, Hong Kong’s Hang Seng declined 0.7 per cent and China’s Shanghai Composite index crawled down 0.1 per cent. South Korea’s KOSPI gained 0.4 per cent while Australia’s S&P/ASX 200 inched up 0.1 per cent.

On June 11 Dow Jones ended 0.36% down, S&P500 was 0.27% down and Nasdaq closed 0.50% in the red. London’s FTSE ended in the green but French CAC and German index DAX both ended in the red. On Thursday morning GIFT Nifty was in the red.

The global cues were not encouraging on Thursday morning with all major US indices — Dow Jones, S&P500 and Nasdaq — ending Wednesday’s session in the red. Early in Thursday Asian shares were trading sending mixed signals which signaled that investors did not react enthusiastically to the latest round of China-US trade talks in London.

Early gainers on NSE

From the Sensex basket, Asian Paints, Bajaj Finserv, Bharti Airtel, NTPC, Adani Ports, HDFC Bank, Bajaj Finance and L&T were big gainers, while Infosys, Eternal, Tech Mahindra and Tata Motors were among the laggards.

On Thursday the early gainers on NSE included KARMAENG, STLTECH, TANLA, ENERGYDEV, SEPC-RE3, TCIFINANCE, DIGISPICE, RADAAN, LANCORHOL and EXPLEOSOL.

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