Sensex, Nifty 50 hold on to the green amid mixed moves across Asia; all eyes on RBI

Opening bell: Indian equity benchmarks started Wednesday's session on a mixed note as the Indian share market resumes trading following a holiday. Both the indices hold on to the green amid mixed moves across Asia. 

Equities in other Asian markets saw mixed moves, following a weak session on Wall Street overnight, as signs of a slowing US labour market and slowing manufacturing activity led to nervousness among investors about the economic outlook. 

Investors also remained cautious about the next batch of vulnerable businesses in the global banking system, after the sudden failure of Silicon Valley Bank (SVB) and Signature Bank rocked global banking shares last month. 

Also Read- RBI MPC Meeting LIVE: Central bank's interest rate-deciding panel to start second bi-monthly review of 2023 today; check out timings, full schedule

The BSE Sensex was up 20.05 points or 0.12 per cent to 17,418.1 and NSE Nifty50 rose by 86.9 points or 0.15 per cent to 59,193.4 minutes after the market opened.

As many as 26 stocks were advancing and 24 were declining in the Nifty50 basket in the early deals. 

Bajaj Finance, ONGC and HDFC Bank were among the top gainers, rising around 3-1 per cent each.

On the contrary, HCL Tech, Hindalco and Eicher Motors were the top blue-chip laggards, falling up to two per cent.

HDFC twins and Bajaj twins were among the top movers for the BSE Sensex and Nifty Indices. 

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com