Sensex, Nifty Open Flat Despite Strong Macro Economic Data

Posted By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices opened the day higher on the back of IIP data, which came in stronger than expected and lower than expected inflation numbers.

    The Sensex was last trading with losses of 15 points, while the Nifty was up 5 points in trade. Shares in Infosys dragged the Nifty lower with the stock losing almost 1.6 per cent in trade. Other notable losers were some of the PSU banks including the likes of State Bank of India and Syndicate Bank. Losses in PSU banks was despite inflation coming in lower then expected.

    Sensex, Nifty Open Flat Despite Strong Macro Economic Data
    Indices
    Shares in IndusInd Bank were up 1.5 per cent ahead of its results to be declared later today. Other private sector banking stocks were trading lower with ICICI Bank and HDFC Bank trading with marginal losses.

    Shares in Brookes Labs was trading lower after SEBI imposed a penalty of Rs 11.80 crore on Brooks Lab and top 5 executives.

    Biocon was up after the company completed a 10 percent stake sale in Syngene to IVF Trustee. Real estate stocks were also trading lower in line with the markets. DLF and Unitech were among the losers.

    Meanwhile, markets across Asia were trading with gains led by the Shanghai Composite and the Singapore's Strait Times.

    GoodReturns.in

    Read more about: sensex nifty
    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