Market Live:
Flat start on D-Street! Nifty trades below 11,550; pharma gains
It’s a flat start to the market on
Wednesday morning, even as tepid global cues and a strengthening dollar
weighing on investors’ concerns. The Nifty is trading below 11,550 range.
The Sensex is down 19.23 points or 0.05%
at 38138.69, while the Nifty is up 1.70 points or 0.01% at 11522.00. The market
breadth is narrow as 271 shares advanced, against a decline of 245 shares,
while 63 shares were unchanged.
Weakness in the metals space has
continued, with the Nifty Metal index falling over a percent, while auto and
banks are trading in the red. Pharmaceutical names are the big gainers. The
Nifty Midcap index is lower, down around 0.20 percent.
Globally, the market has been jittery as
Facebook and Nike dragged US markets, while Asian markets too are wary of.
The Indian rupee opened higher by 18
paise at 71.40 per dollar on Wednesday versus previous close 71.58.
Stocks in the news: Texmo
Pipes, LT Foods, CES, McNally Bharat, Muthoot Finance, ABB
0731-4986981
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