Budget 2023 Stock Market Live: Sensex, Nifty End Mixed As Investors Digest Budget Speech; FPIs Turned Buyer
The S&P BSE Sensex closed up 158 points or 0.27% at 59,708.08 while the NSE Nifty 50 was 46 points or 0.26% lower at 17,616.30.
KEY HIGHLIGHTS
FPIs Turned Buyer
Foreign investors turned net buyers of Indian stocks on wednesday, ending a 7-day selling streak.
Foreign portfolio investors bought up equities worth Rs 1,785.21 crore, according to data from the National Stock Exchange.
Domestic institutional investors remained net buyers for the eight day in a row, buying stocks worth Rs 529.47 crore.
Foreign institutions net bought Rs 14,398.8 crore worth of Indian equities in December, but have remained net sellers of Rs 39,679.48crore of Indian stocks so far in 2023.
Rupee Largely Flat Against The U.S. Dollar
The local currency was largely flat at 81.94 rupees at close against the greenback on Wednesday. It closed at 81.92 on Tuesday.
Source: Bloomberg
Yield On The 10-Year Declines After The Budget Session
The yield on the 10-year bond closed lower by 6 bps at 7.28% on Wednesday. It closed at 7.34% on Tuesday.
Source: Bloomberg
Sensex, Nifty Mixed After Volatile Budget Session
The Indian benchmark indices ended mixed after a volatile session on Wednesday as the Finance Minister Nirmala Sitharaman delivered the Budget 2023 in the parliament today.
European markets were mixed and the U.S. equity futures slipped as investors expect key economic data, company earnings and the outcome of Federal Reserve policy meeting.
The S&P BSE Sensex closed up 158 points or 0.27% at 59,708.08 while the NSE Nifty 50 was 46 points or 0.26% lower at 17,616.30.
ITC Bank Ltd., Tata Steel Ltd., ICICI Bank Ltd., JSW Steel Ltd. and Britannia Industries Ltd. were the top gainers in the gauge.
Whereas, Adani Enterprises Ltd., Adani Ports And SEZ Ltd., HDFC Life Insurance Co., SBI Life Insurance Co. and Bajaj Finserv Ltd. and were the top losers amongst the NSE Nifty 50 constituents.
The broader market indices traded lower; S&P BSE MidCap was down 0.96%, whereas S&P BSE SmallCap was lower by 1.10%.
Fifteen out of the 19 sectors compiled by BSE declined, while four advancedin trade.
The market breadth was skewed in favour of the bears. About 1,279 rose, 2,262 declined and 108 remained unchanged on the BSE.
ICICI Bank Trades Higher After Multiple Large Trades
Shares of ICICI Bank gained 2.45% after mutiple large trades.
At least 7.18 lakh shares changed hands in atleast four bunched trades, according to Bloomberg.
Source: Bloomberg
