DSIJ Mindshare

At 1.30 pm on Wednesday, the headline equity indices, i.e. Sensex and Nifty 50 were trading flat as compared to the last trading session.

On Tuesday around noon, the headline equity indices, i.e. Sensex and Nifty 50 were trading flat as compared to the last trading session, owing to a rise in the crude oil price, as the European Union (EU) has finally decided to ban almost 90 per cent crude oil imports from Russia by the end of 2022.  

It was a merry Monday after all on the bourses as the core equity indices i.e., Sensex and Nifty 50 rose generously and were trading more than 2 per cent higher in the morning session!  

Some of the early gains in the morning trade were made by the major equity indices. Nifty hovers around 16,300 points. The bank stocks increased for the second day in a row.  

 The Asia Pacific markets are giving a mixed reaction after the Minutes of Federal Reserve's May meeting indicated that the bank may hike the interest rate by 50 basis points again in the month of June and July. The Fed is keeping a keen eye on the inflation levels as well as on the rising crude oil prices.