The domestic stock markets are flat in early trading, after rebounding from intra-day lows, on the back of negative worldwide cues.
Asian shares struggled to rally on Monday and SGX Nifty had opened in the red.
At 9:20 am, the BSE Sensex was trading at 53026.30, greater by 48.77 points and the NSE Nifty was at 15,872, up 17.70 points.Asian shares had a hard time to rally on Monday as super-strong US business incomes sucked funds out of emerging markets and into Wall Street, where records were falling nearly daily.
Japan's Nikkei bounced 1.6 percent in early trade, but that was off a seven-month low.
South Korea has fared somewhat better thanks to require for tech stocks, but was bit altered on Monday.Stocks rallied to records on Wall Street on Friday; the Dow Jones closed above the 35,000 level for the first time as the marketplace continued to holler back from its temporary swoon at the start of the week.
The S-P 500 index climbed up 1 per cent to top its previous all-time high, set early last week.
The Dow increased 0.7 percent and the Nasdaq composite got 1 per cent.Among stocks in the news, Reliance Industries on Friday reported net profit of Rs 12,273 crore in the quarter ended June 30, 2021, marking a decrease of 7.25 percent from the exact same quarter in 2015 on the back of increase in total costs.
The oil-to-telecom conglomerate's revenue from operations advanced 58 per cent to Rs 1.44 lakh crore compared with Rs 91,238 crore in the year-ago period.ICICI Bank reported a 78 percent rise in net profit to Rs 4,616 crore in the quarter ended June 30, 2021, compared to Rs 2,599 crore in the same quarter a year back.
The nation's leading economic sector lending institution's arrangements - omitting provision for tax - decreased sharply as it has actually altered its policy on non-performing loans in the quarter to make it more conservative.On the earnings front, Axis Bank, Kotak Mahindra Bank, Larsen - Toubro, Tata Motors, SBI Life Insurance Company and Vedanta will be amongst the significant companies to state their Q1 numbers throughout the day.On the stock-specific front, ITC has acquired more than 1 per cent to Rs 215 leading the gainers list on the BSE post its Q1 outcomes.
Titan, Sun Pharma and Infosys are the other considerable gainers in the Sensex pack.On the othe hand, SBI, HDFC and Axis Bank have lost nearly one per cent on the BSE.
Reliance Industries and ICICI Bank have actually likewise lost around half a per cent post their Q1 numbers.The BSE market breadth is strong.
Out of 2,836 stocks traded on the BSE, there are 1,643 advancing stocks as versus 1,067 decreases.