Opening bell: Markets open flat, private bank stocks down; auto and power stocks on the rise!

On Tuesday morning, the markets opened flat with Sensex & Nifty still maintaining 60,000 levels and the 18,000 mark, respectively.

On Tuesday morning, the markets opened flat with Sensex & Nifty still maintaining 60,000 levels and the 18,000 mark, respectively. 

The US markets were up by almost 2 per cent, led by a rally of technology stocks as well as the release of macroeconomic data, which showed growth in the employment level.  

Crude oil price was up by 1.36 per cent at USD 109 per barrel, as investors are still hawkish about the repercussions of the Russia-Ukraine war.   

Sensex is at 60,391.22, down by 220.52 points 0.36 per cent whereas Nifty 50 is at 18,005.65, down by 47.75 points or 0.26 per cent since the last trading session.  

BSE Midcap was trading at 24,863.1, up by 0.44 per cent while BSE Smallcap was at 29,405.75, up by 0.77 per cent. Similarly, Nifty Midcap 100 was at 30,782.05 up by 0.51 per cent and Nifty Smallcap 100 was at 10,852.70, up by 0.64 per cent. 

  The top gainers on the frontline indices this morning were Tata Motors, Eicher Motors, Adani Ports & SEZ, UPL, Tech Mahindra, TCS, Mahindra & Mahindra, and Titan Company. 

  Likewise, the top losers were HDFC Bank, Bajaj Finance, HDFC, Kotak Mahindra Bank, Bajaj Finserv, and IndusInd Bank.  

On BSE, 1,388 shares have advanced, 253 shares declined and 70 shares are unchanged. Also, 258 stocks have hit their upper circuit while 74 stocks have hit the lower circuit.   

The top trending stocks on BSE this morning are Adani Enterprises, Adani Ports, Adani Green Energy, Power Grid Corporation of India, SBI Cards, Sun Pharmaceuticals, Swan Energy, GNFC, Jindal Steel, IOL, and TV18 Broadcast.

On the sectoral front, auto, media, consumer durables, and power stocks were trading on the higher side. On the other hand, private banks, realty, and financial services stocks were dragging down the broader indices.