Stock market updates on October 12, 2023: The key frontline indices were sen holding modest gains in Thursday’s intra-day trades, as IT sector earnings offset an otherwise positive mood in the global market.
The S&P BSE Sensex touched a high of 66,578 in opening deals, and then retreated into the negative zone and was down 100 points at the lowest point of the day at 66,365. The NSE Nifty was seen testing the 19,800 level.
Among others, Tech Mahindra, Infosys, Bajaj Finance, and Wipro weighed on the sentiment. On the positive front, IndusInd Bank, NTPC, Axis Bank and Tata Motors were the notable gainers.
In the broader market, the BSE MidCap and the SmallCap indices advanced around 0.5 per cent each.
Meanwhile, Asian markets traded on a firm note, with Hang Seng up nearly 2 per cent and Nikkei up over a per cent as Brent Crude dipped to $85 levels, and US 10-year bond yields slipped to 4.57 per cent.