Sensex trades flat, Nifty near 23,400; Eternal, Coal India top gainers

The Nifty50 and the Sensex were moving in a narrow range as most traders remained on the sideline as they await the outcome of the Reserve Bank of India’s Monetary Policy Committee meeting, scheduled to be released on Friday.

As of 1:00 PM, the Nifty50 was up 7.55 points or 0.03 per cent at 23,416.20, and the Sensex rose 6.67 points or 0.01 per cent to 74,352.84.

In the broader markets, the Nifty MidCap and the Nifty SmallCap were trading 0.67 per cent and 0.57 per cent higher, respectively.

Sector-wise, the Nifty IT, the Nifty Realty, and the Nifty Private Bank were the laggards. The Nifty Consumer Durables, the Nifty Oil & Gas, and the Nifty Chemical outperformed.

Iran hit the Kuwait International Airport early Wednesday. A day before the US Central Command said that they had intercepted multiple ballistic missiles from Iran, and also launched defensive strikes at the Qeshm Island in the Persian Gulf.

Meanwhile, US President Donald Trump said in an interaction with the media that Iran has agreed not to have nuclear weapons. The US also said that Israel agreed to a ceasefire with Lebanon if Hezbollah stops.

IPO Today

CMR Green Technologies IPO will enter its second day of subscription. The company aims to raise ₹630.88 crore from the primary market. The issue price is ₹192 per share, and the lot size for the application is 78 shares.

Vahh Chemicals and UHM Vacation IPOs will open for subscription on Thursday. Both are book-build issues worth ₹13.45 crore and ₹36.02 crore, respectively.