After beginning the session on a positive note, equity benchmarks are currently trading off their high points and are trading flat. The Nifty is well below 11,000-mark. Cuts are visible among all sectoral indices, with midcaps contributing the most to indices’ fall. The Nifty Midcap index is down over 1 percent.
Financials, pharmaceuticals, metals and IT stocks are trading in the red. Shares of Mindtree fell over 6 percent in the morning trade after its profit for Q1 fell 13 percent and its CFO resigned. Slower revenue growth guidance for Q2 could have also weighed on the stock. ONGC is the top gainer on the Sensex, up over 2 percent, after the Cabinet cut tax burden on the firm.
Flat moves have continued on the market on Thursday morning with the Sensex trading in the green, but the Nifty is still below 11,000.
At 10:36 hrs IST, the Sensex is up 47.53 points or 0.13% at 36420.97, while the Nifty down 8.70 points or 0.08% at 10971.80. The market breadth is negative as 648 shares have advanced, 1280 shares have declined, while 92 shares are unchanged.
Vedanta, Bharti Airtel, and Titan are the top gainers, while HDFC, Coal India, HPCL and Bharti Infratel have lost the most.
Missed call
@8817002233,WHATSAPP NO. 8602780449
Mail Us =
starindiamarket@gmail.com
No comments:
Post a Comment