Equity benchmarks have begun the day on a flat note, with the Nifty holding 11,000 in the opening trade.
The Sensex is down 27.62 points or 0.08% at 36514.01, while the Nifty is down 17.20 points or 0.16% at 11001.70. The market breadth is narrow as 268 shares advanced, against a decline of 170 shares, while 62 shares were unchanged.
Majority of sectoral indices are trading in the red, with maximum cuts seen in pharmaceutical names. The Nifty Midcap index is also trading over half a percent lower.
Among stocks, shares of PC Jeweller is down 25 percent after the company cancelled its buyback issue, while Tata Motors is lower by 4 percent after a Moody’s downgrade.
After witnessing a flat opening, the market has inched lower in the first hour of trade, with the Nifty breaking 11,000-mark it achieved last week.
The Sensex is down 73.57 points or 0.20% at 36468.06, while the Nifty is down 36.10 points or 0.33% at 10982.80. The market breadth is negative as 449 shares advanced, against a decline of 977 shares, while 73 shares were unchanged.
All sectoral indices are trading in the red, with cuts visible among pharmaceutical as well as energy names. Midcaps, too, are trading in the red; the Nifty Midcap is down 1 percent.
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