Sensex, Nifty trade flat; metal stocks weak

Posted By:
Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Sensex, Nifty trade flat; metal stocks weak
    Markets were trading flat in early morning trades with the Sensex trading with gains of 5 points, while the Nifty was trading with a gain of 10 points. Leading the set of gainers from the Nifty were IDFC, ITC and Mahindra and Mahindra.

    Stocks that lost ground in trade were Bharti Airtel, Cipla and Larsen and Toubro. Reliance Industries was trading higher despite the Oil Ministry considering ordering Reliance Industries to stop selling KG-D6 crude oil to its Jamnagar refinery.

    Tata Motors was higher by one per cent on reports that the company plans to launch two vehicles every year till 2020 as the company looks to ramp up its product portfolio.

    PSU banking stocks showed some recovery in trade after following on Wednesday. Oriental bank of Commerce, whose officials were involved in a scam saw its stock recover marginally after a drop of more than three per cent on Thursday.

    Mid cap stocks also gained one per cent in trade with notable gainers being Canara Bank and Aurobindo Pharma.

    Deepak Fertlizers was trading higher after the Competition Commission approved the company's proposed additional stake buy in Vijay Mallya group firm Mangalore Chemicals and Fertilizers.

    Meanwhile, markets across Asia were trading with gains led by The Japanese Nikkei and the Shanghai Composite.

    GoodReturns.in

    Read more about: sensex nifty
    Story first published: Thursday, August 21, 2014, 9:30 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more