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.
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Market Update: Rangebound trades have continued on the market, with the Nifty continuing to hover below 11,000.
The Sensex is up 59.48 points or 0.16% at 36432.92, while the Nifty is down 0.80 points or 0.01% at 10979.70. The market breadth is negative as 757 shares advanced, against a decline of 1,371 shares, while 118 shares were unchanged.
The Sensex is up 59.48 points or 0.16% at 36432.92, while the Nifty is down 0.80 points or 0.01% at 10979.70. The market breadth is negative as 757 shares advanced, against a decline of 1,371 shares, while 118 shares were unchanged.
Among sectors, gains are visible among financials and metals, while pharmaceuticals and IT are trading in the red. Midcaps too are trading weak, down over half a percent.
Vedanta, Bharti Airtel, and Titan are the top gainers, while Coal India, HDFC, Bharti Infratel and Hindalco have lost the most.
Market Update: 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.
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 the tax burden on the firm.
Rupee update: The Indian rupee slipped in the early trade on Thursday. It has opened lower by 8 paise at 68.70 per dollar versus 68.62 yesterday.
The rupee fell against the US dollar in yesterday’s session following an uptick in global crude oil prices and after the greenback strengthened against its major crosses, said Motilal Oswal.
Following the Fed Chairman testimony, the US dollar rose to the highest level in a year. In his testimony, the Fed Chair said he believed the US economy was on course for years more of steady growth and played down the risks to the US economy of the escalating trade conflict.
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Vedanta, Bharti Airtel, and Titan are the top gainers, while Coal India, HDFC, Bharti Infratel and Hindalco have lost the most.
Market Update: 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.
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 the tax burden on the firm.
Rupee update: The Indian rupee slipped in the early trade on Thursday. It has opened lower by 8 paise at 68.70 per dollar versus 68.62 yesterday.
The rupee fell against the US dollar in yesterday’s session following an uptick in global crude oil prices and after the greenback strengthened against its major crosses, said Motilal Oswal.
Following the Fed Chairman testimony, the US dollar rose to the highest level in a year. In his testimony, the Fed Chair said he believed the US economy was on course for years more of steady growth and played down the risks to the US economy of the escalating trade conflict.
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Equity benchmarks have begun the day on a positive note, with the Sensex gaining over 100 points, while the Nifty has reclaimed 11,000 in the opening tick.
The Sensex is up 106.61 points or 0.29% at 36480.05, while the Nifty is up 24.40 points or 0.22% at 11004.90. The market breadth is positive as 261 shares advanced, against a decline of 105 shares, while 40 shares are unchanged.
All sectoral indices are trading in the green, with maximum gains seen among metals, and automobiles. Midcaps, meanwhile, are trading absolutely flat.
The Sensex is up 106.61 points or 0.29% at 36480.05, while the Nifty is up 24.40 points or 0.22% at 11004.90. The market breadth is positive as 261 shares advanced, against a decline of 105 shares, while 40 shares are unchanged.
All sectoral indices are trading in the green, with maximum gains seen among metals, and automobiles. Midcaps, meanwhile, are trading absolutely flat.
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