Sensex trades volatile, Nifty above 24,300; realty, FMCG, bank stocks weigh

The Nifty50 and the Sensex were moving in a narrow range, while traders monitor developments in West Asia.

The Nifty50 was trading 22.95 points or 0.09 per cent higher at 24,353.25, and the Sensex was trading 8.94 points or 0.01 per cent higher at 77,991.59. In the broader markets, the Nifty MidCap and the Nifty SmallCap indices were trading 0.36 per cent and 0.37 per cent higher, respectively.

Sector-wise, the Nifty FMCG declined the most. The Nifty Private Bank, the Nifty PSU Bank, and the Nifty Realty also underperformed. Meanwhile, the Nifty Auto outperformed.

Brent crude prices rose in Asian trade hours as tension between the US and Iran rose after US President Donald Trump threatened that Tehran would be bombed at a much higher level if they don’t agree to a peace deal.

Its May future contract was trading 0.63 per cent higher at 101.91 per barrel on the Intercontinental Exchange.

Q4 results today

ACME Solar Holdings, Apollo Pipes, Bajaj Holdings & Investment, Bharat Forge, Biocon, CCL Products (India), Ceigall India, Craftsman Automation, Dabur India, Escorts Kubota, Gateway Distriparks, Globus Spirits, Gravita India, Indoco Remedies, Innova Captab, Kennametal India, Lupin, MRF, NOCIL, NRB Bearings, Pidilite Industries, Prudent Corporate Advisory Services, Route Mobile, Sirca Paints India, Sonata Software, Stylam Industries, Thermax, Thyrocare Technologies, Vijaya Diagnostic Centre, V-Mart Retail, Westlife Foodworld, and Wonderla Holidays will release their fourth-quarter results on Thursday.