Indian share markets trade on a volatile note with the Sensex down by 129 points, while the Nifty is trading lower by 14 points.
Asian share markets are mixed today as investors try to assess the situation in the Russia-Ukraine crisis while awaiting an idea about the Federal Reserve's plan to raise interest rates.
The Nikkei is down 1% while the Hang Seng fell 0.7%. The Shanghai Composite is bucking the trend and is up 0.4%.
In US stock markets, Wall Street indices bounced off session lows on Wednesday after the US Federal Reserve released meeting minutes said that while the central bank intends to begin raising interest rates to combat inflation, its decisions would be made on a meeting-by-meeting basis.
The Dow Jones ended 0.2% lower while the Nasdaq eased 0.1%.
Back home, Indian share markets opened on a positive note following the trend on SGX Nifty. Benchmark indices started in green as Russia-Ukraine conflict concerns eased.
Today' session may see some volatility on account of the weekly F&O expiry while investors also take into account the January Fed meeting minutes.
The results season is almost over it seems. Today, market participants are keenly watching Nestle India, and Ambuja Cements as they will announce their December quarter results.
The BSE Sensex is trading down by 129 points. Meanwhile, the NSE Nifty is trading lower by 14 points.
Power Grid and Reliance are among the top gainers today. Axis Bank, on the other hand, is among the top losers today.
The BSE Mid Cap index is up 0.2%. The BSE Small Cap index is trading lower by 0.1%.
Sectoral indices are trading mixed with stocks in the power sector, automobile sector and energy sector witnessing buying.
Banking stocks and finance stocks, on the other hand, are trading in red.
Shares of Blue Star and RHI Magnesita hit their 52-week highs today.
The rupee is trading at 75.13 against the US$.
Crude oil prices slid more than 2% today after both France and Iran said parties are closer to an agreement to salvage Iran's 2015 nuclear deal with world powers, offsetting ongoing concerns over the situation in Ukraine.
Gold prices are trading up by 0.5% at ?49,853 per 10 grams.
Meanwhile, silver prices are trading up by 0.2% at ?63,407 per kg.
Gold is up today, trading near an eight-month high touched earlier this week, as the US dollar and Treasury yields dipped on less hawkish-than-feared Federal Reserve minutes.
The Ukraine crisis also boosted demand for the safe-haven metal.
In the previous session, gold edged higher after NATO and US said Russia was increasing its troop build-up near Ukraine.
In news from the automobile sector, Tata Motors is among the top buzzing stocks today.
Tata Motors' passenger vehicle (PV) business is on a dream run, outpacing the rest of the industry in sales growth and on course to post its first profit before interest and depreciation in a decade this fiscal year.
After posting the highest annual sales in the company's history in the calendar year 2021, Tata Motors is eyeing a record January-March period with sales of 125,000 vehicles, as per projections.
If the projected production is achieved, it will take sales for the fiscal year ending March 2022 to 370,000 units, a 65% increase from fiscal 2021.
An improvement in semiconductor supplies, which rose about 10% from the past quarter, is aiding the bullish outlook.
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