Stock markets today: Sensex, Nifty trade flat in early trade; Sula Vineyards jumps 5%, TCS muted

Stock markets today: Among Sensex stocks, Tata Steel (up 0.56 per cent) was the top gainer while IndusInd Bank (down 0.75 per cent) was the biggest loser.

Sula Vineyards gained over 5 per cent to Rs 370.50 on the BSE after the company on Tuesday said sales volume from its own brands crossed 1 million cases in FY23.

The domestic equity market on April 12 opened flat. The S&P BSE Sensex was trading 79.43 points, or 0.13 per cent higher at 60,237.15 and the Nifty was trading at 17,768.35 levels, up 0.29 per cent.

Among Sensex stocks, Tata Steel (up 0.56 per cent) was the top gainer while IndusInd Bank (down 0.75 per cent) was the biggest loser. TCS was flat with a negative bias ahead of its March quarter numbers due later in the day.

In buzzing stocks, Sula Vineyards gained over 5 per cent to Rs 370.50 on the BSE after the company on Tuesday said sales volume from its own brands crossed 1 million cases in FY23. Besides, sales volumes in elite & premium wines went past the 5 lakh cases mark for the first time, it said in a sales update for Q4 & FY23 submitted to the bourses.

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On the sectoral front, healthcare stocks surged the most. The S&P BSE Healthcare index jumped 0.78 per cent to 22,559.63 levels. Unichem Laboratories was the top gainer on the index, followed by Divi's Labs.

In the broader market, the S&P BSE MidCap index traded 0.24 per cent to 24,601.12 levels while the S&P BSE SmallCap index quoted at 28,063.67, up 0.43 per cent.

Global market

Asian equities inched lower on Wednesday ahead of a crucial U.S. inflation report that will likely influence the Federal Reserve's monetary policy path, with markets wagering another hike in interest rates at the central bank's next meeting. China shares were mixed at the open, with the Shanghai Composite Index (.SSEC) up 0.1% while Hong Kong's Hang Seng Index (.HSI) lost 0.02%. Data on Tuesday showed China's consumer inflation in March was at its slowest since September 2021, Reuters reported.

In the overnight trade, Wall Street stocks ended mixed, losing steam late in the session as investors awaited crucial inflation data and the unofficial kick-off of the first-quarter reporting season.

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