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Markets Open Flat; Cairn India Rallies 4%


Benchmark indices began the day with a slightly negative bias led by a drop in Infosys and Hindustan Unilever, but recovered ground quickly.

Markets Open Flat; Cairn India Rallies 4%
The Sensex was trading with gains of 55 points, while the Nifty was up 15 points. Reliance was up for the second day in a row after Wednesday's huge gain of 4 per cent. The stock added another one per cent in trade today.

Check top Sensex gainers and losers

Other Nifty stocks that gained were Wipro and Mahindra and Mahindra. Sun Pharma which saw some recovery in trade on Wednesday fell again.

Cairn India which had slumped to a 52 week low despite the indices trading at a three month high managed to recover some ground and was up 4 per cent.

Banking stocks were having a quiet session with ICICI Bank, Axis Bank and HDFC Bank trading flat. Mid cap stocks were having a good session with KPIT surging 8 per cent and Apollo Tyres up 4 per cent.

Concor, however, lost ground and was trading 3 per cent lower.

Meanwhile, markets across Asia were trading with good gains with the Shanghai Composite up 1.6 per cent and the Hang Sang up almost one per cent.

Read more about: sensex nifty reliance hul
Story first published: Thursday, July 23, 2015, 9:39 [IST]
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