Gold Update: Gold prices on Tuesday held near one-week lows touched in the previous session, pressured by a firmer dollar and as investor appetite for riskier assets improved in the wake of strong US economic data.
Buzzing: Shares of Bharti AIrtel are down over 4 percent as investors turned cautious of a ratings downgrade. Moody’s Investor Service has downgraded the company to junk rating, BloombergQuint reported, based on concerns that cash flow could continue to be under pressure.
Market Opens: Benchmark indices are trading flat with Nifty holding above 10,900 level.
At 09:17 hrs IST, the Sensex is up 27.16 points at 36609.90, while Nifty is up 13.40 points at 10925.70. About 336 shares have advanced, 455 shares declined, and 43 shares are unchanged.
JSW STeel, Bharti Airtel, Tata Steel, are trading lower, while gainers include Dr Reddy's, Hero Moto, Eicher, UPL, Bajaj Finance, Bajaj Auto, Tech Mahinrda and Yes Bank.
Market at pre-open: Indian indices are flat in the pre-opening trading with Nifty trading around 10,900 level.
At 09:05 hrs IST, the Sensex is up 2.40 points at 36585.14, while Nifty is up 10.70 points at 10923.00.
Bharti Airtel is down 3 percent, while Mishara Dhatu, Tech Mahindra, Titagarh Wagons are trading higher in pre-opening session.
Wall Street ends higher: Wall Street gained on Monday, with all three major indexes closing near session highs as sustained optimism on the prospects for US-China trade relations propelled technology shares.
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