Sensex, Nifty Trade Flat; Japanese Shares At 18 Year High

Benchmark indices opened the day marginally higher and were trading little changed over Tuesday's levels.

The Sensex was trading with losses of 7 points, while the Nifty was down 3 points in trade. Banking shares which were trading higher in the last few sessions gave up gains and were seeing some selling pressure.

Axis Bank, HDFC Bank and ICICI Bank were all lower. Shares in Infosys and TCS saw same buying support with both the stocks trading marginally higher.

Shares in Jet Airways saw solid buying support and the stock was up 3 per cent in early trade. Midcap stocks like Cadilla and Jindal also saw buying interest in early trade. The mid cap index was up 0.21 per cent.

Among the early Nifty gainers were Sun Pharma, HUL, ONGC and Coal India. While Nifty stocks that lost ground were Maruti, Cipla and SBI.

Shares in Adani group companies were trading slightly weak after reports that Adani Mining has asked its four engineering contractors working on the Carmichael project to halt work around the mine.

Meanwhile, markets across the globe were trading sharply higher following hopes of a deal with Greece. The Japanese Nikkei hit a new 18 year high on sustained buying.

GoodReturns.in

Story first published: Wednesday, June 24, 2015, 13:47 [IST]

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