Market Live:
Flat start on D-Street, Nifty hovers around 11,300; banks take a hit
Equity benchmarks have begun the day on
a flat note, with the Nifty trading below 11,300 in the opening tick. The
Sensex is trading marginally higher. Banks are taking a hit this morning, with
the Bank Nifty trading lower by one-third of a percent. Pharmaceuticals are
also trading in the red.
Meanwhile, after days of a fall in FMCG
names, the Nifty FMCG index is up around one-third of a percent. Meanwhile, in
the broader markets, Nifty Midcap is trading flat with a negative bias.
The Sensex is up 37.83 points or 0.10%
at 37450.96, while the Nifty is down 0.70 points or 0.01% at 11286.80. The
market breadth is narrow as 422 shares advanced, against a decline of 408
shares, while 46 shares are unchanged.
The rupee has extended its fall after a
record low opening. The currency is trading at 72.91 per US dollar and is
inching closer to 73 per dollar mark.
Stocks in the News:
Cipla, Wipro, RIL, Sun Pharma, Alembic, Reliance Capital, Redington
0731-4986981
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