FIRST TRADE: Indices open flat amid weak global cues; Sensex up 50 pts, Nifty hovers around 19,600

Stock market today:  The domestic benchmark indices on Wednesday, September 6, opened on a muted note amid weak global cues based on data from major economies around the world that fuelled worries over global growth and the rise in oil prices.

Last seen, the S&P BSE Sensex was up 16 points, or 0.02 per cent at 65,796.26 and the NSE Nifty was up 0.04 per cent or 7.65 points, at 19,582.55.

In the Nifty 50 basket, 26 stocks advanced and 25 declined. The Nifty Mid Cap 100 and Small Cap 100 indices were trading in green.

On the sectoral front, banks, auto financial services, and metal counters traded in the red; the rest were in the green.

BUZZING STOCKS 

NBCC (India) shares were up over 3 per cent after the company signed a Memorandum of Understanding with the Kerala State Housing Board for a project worth around Rs 2,000 crore.

SpiceJet shares were up over 1 per cent as the company took an extension of three months from the registrar of companies.

ONGC and Oil India shares traded in green after crude oil prices crossed $90.

Torrent Pharma shares were up above 2 per cent as Nomura raised its target price on the stock.

ABB India was up over 1 per cent after Jefferies maintained a 'buy' rating on the stock. 

Paytm shares were up over 1 per cent after Morgan Stanley maintained an equalweight rating. 

Voltas shares were up over 2 per cent after Motilal Oswal reinitiated 'buy'.

Conversely, Asian Paints, Berger Paints, Kansai Nerolac, and Indigo Paints traded lower after crude oil prices crossed $90.

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