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.

The stocks, which are trading around 1-2 per cent of their previous month’s high, are likely to trend stronger in the short to medium term.  

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.