Opening Bell: Market opens flat but mixed, Sensex in green and Nifty in red – Coal India surges most

The Indian markets on Tuesday opened with flat but mixed amid positive global cues and on worries regarding the new Covid-19 variant — Omicron. The BSE Sensex up around 12 points and Nifty50 above 17050 level, led by Reliance Industries and Coal India. 

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The BSE Sensex up 11.5 points or 0.02 per cent to and the Nifty50 slipped 2.8 points or 0.02 per cent to 17051. Similarly, the broader markets outperformed the benchmarks at market open as mid-cap gained over 95 points or 0.32 per cent to 29610.5 level.

As many as 37 advanced and 13 declined on the Nifty50 in the early morning trade. Coal India surged most by around 3 per cent, followed by Tata Motors, Reliance Industries and NTPC each up over 1 per cent at the market open today.

In the early morning trade, Nifty Bank outperformed the benchmark index and is surging around 1 per cent to 36304-mark. The surge is mainly led by PSU bank stocks, especially SBI.

Stocks such as Titan, SBI, Power Grid, ITC, Bajaj Finance, BPCL, Infosys, HCL Tech each up between 1-2 per cent at the market open on Tuesday.

On the contrary, M&M slipped most by around 1 per cent, followed by Divis Lab, HUL, Britannia, and Eicher Motor each down marginally around half a per cent minute after the market open.

All sectors are in the green minutes after the market opens on Tuesday, with Realty and Media stocks are gaining most, uplifting the broader markets. While banking and financials along with auto indices lead the surge in the benchmark indices at the market open today.