Market Live:
Flat start on D-Street! Nifty manages to hold 11,700; metals surge
After days of
positive openings, it is a flat start for equity benchmarks on this Wednesday
morning, with the Nifty managing to hold 11,700-mark.
The Sensex is down
11.77 points or 0.03% at 38884.86, while the Nifty is lower by 10.70 points or
0.09% at 11727.80. The market breadth is positive as 518 shares advanced, 310
shares declined, while 59 shares were unchanged.
Banks are trading
mixed, as the Bank Nifty is trading lower by one-fifth of a percent, while the
PSU bank index is up over half a percent. Metals have further extended their
gains from previous sessions. IT and pharma are witnessing some cooling off.
Among broader markets, midcaps are higher by 0.25 percent.
Vedanta, State Bank
of India, and GAIL are the top gainers, while Axis Bank, Coal India, and Lupin
are the top losers.
Stocks in the news: SBI, Artson Engg, Jet Airways, JSW Steel,
Vedanta, Lupin, JP Power
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