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The stock markets exhibited a positive sentiment on Wednesday morning. The key equity benchmarks increased marginally in early trade. The BSE Sensex opened on a high note at 73,267.48, while the NSE Nifty50 touched a peak of 22,248.85 as the trading session started.
As of 10:12 AM, the benchmark indices traded in the green, however, narrowed their gains. The Sensex stood at 73,107.43, a gain of 50 points, while the Nifty50 traded at 22,218.50, higher by 21.55 points.
The US is set to reveal the PMI numbers for manufacturing, services sector, along with the existing home sale numbers for January, along with other data tomorrow. The central bank’s policy meeting minutes are also among the macroeconomic indicators expected to be released tomorrow.
In the last trading session on Tuesday, both Sensex and Nifty ended higher amid volatility. After inching up and down in the early part of the trading session, the S&P BSE Sensex finally settled at 73,057, higher by 349 points. On the other hand, the NSE Nifty50 closed the session at a record closing high of 22,197, up by 75 points. The index hit a record high of 22,216 in intraday trade.
Zee Entertainment Enterprises Ltd (ZEEL) issued a clarification on Tuesday after reports surfaced of the firm’s discussions with the Sony Group to save the $10 billion merger deal between the companies. The Indian media entity stressed that it is not meeting with the Sony Group to save the media merger, called off by the latter in January 2024.
Notably, the Economic Times reported in the first half of the day citing sources that the companies were engaged in negotiations in a last effort to revive the merger deal. In response, ZEEL issued an exchange filing and said, “We would like to clarify that the Company has not involved in any negotiations.”
