Sensex and Nifty start on a minced note

The benchmark, Senbad, edged up Thursday early in the session, reversing its series of consecutive defeats on blues buying by some domestic investors amid positive Asian indices.

Investor sentiment, however, was cautious in the face of global headwinds, shifting key indices.

The index of 30 stocks gained 28.27 points, or 0.08%, to 36,136.74 points, after reaching 36,179.36 points in the beginning.

He also slipped below 36,000 to hit a low of 35,996.68 early in the session.

The gauge had lost 470.49 points in the previous two sessions.

In a similar move, the Nifty NSE advanced 3.65 points, or 0.03%, to 10,835.15.

After several days, Nifty recorded a strong reaction, while the index formed a strong bearish candle that indicates the dominance of sellers, said a report by Emkay Global Financial Services.

"With this decline, the index has surpbaded its previous minimum of 5 days.After several unsuccessful attempts to cross the 11,000 level and a strong reaction, there is a mark of strong resistance.Nevertheless, the l & # 39; index is in an ascending triangle and the bursting of that will dictate a new trend, "he added.

According to badysts, investors are taking a cautious approach given their focus on global headwinds and the next general election.

"While Foreign Institutional Investors (FII) are sellers in the market, expectations of a slowdown in Fed rate hikes and the possibility of a rate cut in India will ease tightening." liquidity in the market, "they added.

National Institutional Investors (IIRs) made purchases for Rs 583.77 billion, while IFIs sold shares with a net worth of C $ 775.82 on Wednesday, according to preliminary data.

The main winners are ITC, PowerGrid, NTPC, HCL Tech, Asian Paint, HUL, MotoCorp Hero, Bajaj Finance, Bharti Airtel, TCS, Maruti Suzuki, CGSB and SBI, with a rise of 1.64%.

For their part, Tata Motors, Infosys, Tata Steel, M & M, Coal India, L & T and IndusInd Bank suffered sales pressure, limiting gains on major indices.

Elsewhere in Asia, the Hong Kong Hang Seng rose 0.22%, the Shanghai Composite Index of 0.61%, the Taiwanese index rose 0.16% in the first transactions. The Straits Times of Singapore rose 0.35% and the Korean Kospi 0.42%.

The Dow Jones Industrial Average finished Wednesday up 0.70% after a series of positive results.