Equity Indices Open Flat Amid Geopolitical Tensions and High US Bond Yields

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Equity Indices Open Flat Amid Geopolitical Tensions and High US Bond Yields
Credit: © Reuters.

Monday witnessed equity indices opening flat as geopolitical tensions between Israel and Gaza, mixed global cues, and high US bond yields subdued investor sentiment. The BSE Sensex fell by 18 points, while the NSE Nifty50 dropped by 15 points. Leading the gains in the Sensex were Nestle (NS: NEST ), ICICI Bank (NS: ICBK ), Bajaj twins, SBI (NS: SBI ), and Axis Bank (NS: AXBK ), whereas Kotak Bank, Grasim (NS: GRAS ), TCS (NS: TCS ), and Ultratech Cement (NS: ULTC ) were among the losers.

In addition to this, Paytm (NS: PAYT )'s stock experienced a decline of over 2%, despite a reduced Q2 net loss of Rs 290.5 crore. Vaishali Parekh of Prabhudas Lilladher pointed out Bank Nifty 's weak bias and its narrow rangebound session in the 43,700-43,800 zone. These market movements were reported by Aparna Deb of News18.com.

On Friday, Sensex firms had a mixed performance with ICICI Bank leading gainers and Kotak Mahindra Bank (NS: KTKM ) among losers. The Asian and US markets followed an international market trend, closing negatively due to various influencing factors including economic indicators. The Sensex index, a representative index of established companies in the Indian stock market, mirrored these fluctuations in stock performances. Rapid changes in factors like company performance can cause these fluctuations. The Sensex index comprises 30 such established companies and serves as an indicator of these rapid shifts in the Indian stock market.

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