FIRST TRADE: Indices open flat; Sensex above 67,100; Nifty tests 20,000

Stock market today:  The domestic equity indices Sensex and Nifty opened on a muted note on Wednesday, September 13, despite data showing an ease in retail inflation and a rise in industrial output. Selling pressure was seen in banks, auto, financial services, IT, and metal stocks.

Last seen, both indices were trading flat. The S&P BSE Sensex traded 25 points, or 0.04 per cent higher at 67,245.75 points, while the NSE Nifty reclaimed the 20,000 mark. It was trading at 20,016.60 levels, up 23.40 points, or 0.12 per cent.

In the Nifty 50 basket, 20 stocks advanced and 30 declined.

In the broader market, Nifty Small Cap 100 and Mid Cap 100 also traded in the red.

At the time of filing this report, Nifty Bank was trading 0.27 per cent lower at 45,391.75.

BUZZING STOCKS

Sterling and Wilson Renewable Energy shares were up over 1 per cent after the company announced signing a memorandum of understanding (MoU) with DataVolt of Saudi Arabia for the development and construction of data centres.

Tata Power shares were up over 1 per cent after Tata Power Delhi Distribution announced its strategic partnership with the US-based cyber security and data analytics software company Utiltyx.

SpiceJet stock traded over 1 per cent higher on the BSE after SpiceJet on Tuesday paid Rs 100 crore to Kal Airways promoter Kalanithi Maran as part of a Rs 380 crore arbitral award order.

Tata Stee, SAIL, and Jindal Saw shares were trading in the green after Crisil reported domestic steel prices are expected to remain stable in the coming months.

RITES shares were up over 2 per cent on the back of the MoU signed with Moçâmedes Ferro Caminos.

GE Power India shares were up over 4 per cent after the company bagged a purchase order of Rs 25 crore from Vedanta.

Granules India shares were up over 3 per cent and IOL Chemicals shares were up over 10 per cent after the price of Paracetamol Active Pharmaceutical Ingredient (API) in US markets is expected to increase by 9 to 22 per cent in September.

On the other hand, Bata India shares were down nearly 2 per cent as foreign brokerage Citi gave a 'sell' rating on the stock with a target price of Rs 1,310. 

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