It’s a flat start to the market on this Friday morning, with the Nifty holding 10,950. The Street could be taking cues from tepid global cues.
The Sensex is up 5.58 points or 0.02% at 36356.81, while the Nifty is down 1.90 points or 0.02% at 10955.20. The market breadth is negative as 243 shares advanced, against a decline of 355 shares, while 61 shares are unchanged.
Sectoral indices are trading mixed, with cuts seen in PSU banks, while the midcap index is trading in the red. The Indian rupee has hit a fresh record low of 69.12 to the dollar.
Among shares, Reliance Industries is at an all-time high. Infosys and Hindalco are the other top index gainers, while Vedanta, Airtel, HPCL and BPCL are the top losers.
Benchmark indices have continued to trade strong on Friday morning, with the Sensex trading around 150 points higher, while the Nifty has reclaimed 11,000. The IT index has further extended its gains, while pharmaceutical stocks too are trading in the green. Midcaps, too have strengthened, up almost half a percent on the index. Infosys, L&T, Bajaj Finance and Bajaj Finserv are the top gainers, while, Vedanta, ONGC, and BPCL have lost the most.
Infosys places non-compete clause on CEO Salil Parekh's exit, talks of further write down of Panaya sale price.
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