The barometers move sideways; strong width

Benchmarks hovered near the flat line during mid-afternoon trading. Oil and gas, FMCG and information technology stocks supported benchmarks while auto and consumer durable certificates fell. The Nifty hovered a little above the 17,750 mark.

At 2:30 p.m. IST, the barometer index, the S&P BSE Sensex, lost 20.38 points or 0.03% to 59,581.46. The Nifty 50 index gained 12.85 points or 0.07% to 17,758.75.

Overall, the S&P BSE Mid-Cap Index gained 0.30% while the S&P BSE Small-Cap Index rose 0.29%.

The scale of the market was strong. On BSE, 2,066 stocks rose and 1,308 stocks fell. In total, 93 shares remained unchanged.

COVID-19 Update:

In the past 24 hours, India has registered 1,17,100 new cases, bringing the country’s number of active cases to 3,71,363. The daily positivity rate stood at 7.74%. Meanwhile, omicron’s tally in the country stood at 3,007.

Numbers to follow:

The yield on the 10-year federal benchmark paper fell to 6.519% from 6.525% at the close of the previous trading session.

In the forex market, the rupee is higher against the dollar. The partially convertible rupee hovered at 74.35, from a close of 74.4250 in the previous trading session.

MCX Gold futures for the February 4, 2022 settlement fell 0.17% to Rs 47,369.

The US Dollar Index (DXY), which tracks the value of the greenback against a basket of currencies, lost 0.14% to 96.18.

In the commodities market, Brent crude for the March 2022 settlement rose 23 cents to $ 82.22 per barrel.

Buzz Index:

The Nifty Auto index fell 0.52% to 11,258.25. The index has added 5.21% over the past five trading days.

Mahindra & Mahindra (M&M) (down 1.51%), Tube Investments of India (down 1.44%), TVS Motor Company (down 1.17%), Bosch (down 1, 12%) and Bajaj Auto (down 0.96%) were the main losers in the Auto segment.

Global markets:

European stocks fell while Asian stocks ended mixed on Friday, as fears of a more aggressive US Federal Reserve cut triggered a sell-off in the global market.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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