Equity benchmarks opened flat with a negative bias on Monday due to lack of global as well as local cues. Share Market Tips: Banking & financials, healthcare and FMCG stocks were under pressure while metals stocks gained.
The 30-share BSE Sensex was down 36.83 points at 26452.73 and the 50-share NSE Nifty fell 13.45 points to 8126.
HDFC, Tata Motors, HDFC Bank, Axis Bank, Asian Paints, SBI and Sun Pharma fell 0.4-1 percent while Reliance Industries, Dr Reddy’s Labs, Coal India and Bharti gained.
The Indian rupee has opened lower by 5 paise at 67.81 per dollar on Monday against Friday’s closing value of 67.76 a dollar.
NTPC | IOC | NALCO | Zee Learn | Tree House | Swelect Energy | Aban Offshore | CEAT | Deepak Fertilizers | Fortis Healthcare and Jindal Stainless are stocks, which are in the news today.
Indian Market Outlook: Nifty Futures traded in a small range of 54 points on Friday, it opened at 8189 which was also the high and fell by 54 points to make a low of 8135 to finally close at 8145.
Nifty too is expected to trade slightly negative in the days to come in a range of 8076 on the downside and 8294 on the upside.
Nifty Future is opening at 8119 as per SGX Nifty at 8:30 am IST, 21 points below its previous close of 8145.
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