Sensex, Nifty50 trade in the green amidst volatility: Coal India, Airtel, Maruti Suzuki amongst top losers

• India’s benchmark indices Sensex and Nifty50 shed the morning jitters on Thursday to trade in the green amidst an increase in volatility.
  
• Coal India, Bharti Airtel and Maruti Suzuki are amongst the top losers in morning trade.
  
• Both the benchmark indices are up 0.1%, with Sensex hovering at 62,692 points and Nifty50 at 18,554 points.

India’s benchmark indices Sensex and Nifty50 shed the morning jitters on Thursday to trade in the green amidst an increase in volatility. Coal India, Bharti Airtel and Maruti Suzuki are amongst the top losers in morning trade.

Both the benchmark indices are up 0.1%, with Sensex hovering at 62,692 points and Nifty50 at 18,554 points.

Top gainers and losers on Nifty50

Source: NSE, as on June 1, 2023
Earlier on Wednesday, markets closed the day 0.4% in the red due to weak global cues.

Gold prices edged up to ₹61,200 per 10 grams while silver was hovering at ₹72,100 per kilogram. Crude oil prices remained stable, with Brent crude hovering at $73 per barrel.

Global markets mixed

Global markets were mixed ahead of a vote on the US debt ceiling proposal. Dow Jones fell 0.41% while S&P 500 declined 0.61%. The tech-heavy Nasdaq fell 0.63% even as NVIDIA shares continued to rise.

Asian markets remained mixed on Thursday, with KOSPI falling 0.26% while Taiwan Weighted was down 0.4%. Hang Seng rose 0.93%, while Nikkei 225 was trading 0.29% higher. Shanghai Composite was also up 0.5%.

Stocks to watch

Coal India: The government will offload a 1.5% stake in the coal mining giant on June 1 and 2, with an option to sell another 1.5% stake. The floor price has been set at ₹225 per share, which is at a discount of nearly 7% to Wednesday’s closing price of ₹241.

Tata Motors: The car maker is looking to buy back external commercial bonds worth $250 million.

HDFC Life: Promoter Abrdn (Mauritius Holdings) 2006 Limited has offloaded its 1.66% stake at an average price of ₹570.6 per share, totaling to ₹2,036.7 crore.

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