Thursday 7 March 2019

Market Live: Indices start flat with positive bias, Nifty above 11,050; Biocon, Tata Steel slip


Market Opens: It is a firm start for the Indian indices on Thursday with Nifty trading above 11,050 level.

The Sensex is up 45.83 points at 36681.93, while Nifty is up 4.40 points at 11057.40. About 557 shares have advanced, 285 shares declined, and 45 shares are unchanged. 

IndusInd Bank, Power Grid, HPCL, IOC, BPCL, Tata Motors, Titan, Zee Ent, Gail, Bharti Airtel are some of the gainers in the early trading session, while losers include Biocon, Indiabulls Housing, Tata Steel, Vendata, JSW Steel.

Among the sectoral indices, metal index is under pressure with 1 percent cut, followed by auto, pharma and PSU Bank, while some buying is seen in the energy, infra, FMCG and IT.

Rupee Opens: The Indian rupee gained in the early trade on Thursday. It opened higher by 20 paise at 70.08 per dollar versus previous close 70.28.

Market at pre-open: Benchmark indices are flat in the pre-opening trading with Nifty above 11,050 level.

The Sensex is up 90.44 points at 36726.54, while Nifty is up 1.80 points or 0.02% at 11054.80.

Gainers are Bharti Airtel, Tata Motors, Titan, while HDFC slipped in the pre-opening trade.

Crude Update: Oil prices eased on Thursday, dragged down by record US crude output and rising commercial fuel inventories.

Wall Street ends lower: Wall Street's main indexes fell for a third session on Wednesday, with the S&P 500 posting its biggest one-day decline in a month, as healthcare and energy shares slumped and investors sought reasons to buy after the market's strong rally to start the year.

SGX Nifty: Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 1 points or 0.01 percent. Nifty futures were trading around 11,096-level on the Singaporean Exchange.

Asian markets trade firm: Asian shares rose marginally in early trade on Thursday, with caution prevailing as investors awaited some kind of resolution to Sino-US trade negotiations, while the euro remained under pressure ahead of the European Central Bank meeting.

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Source: Moneycontrol

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