For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Nifty Trades Flat; Commodity Shares Gain

|

Benchmark indices opened the day higher as global markets were buoyant, following strong closings across the US and European markets.

Asian markets were also trading firm, though the Shanghai Composite lost more than one per cent in trade. The Sensex was trading with gains of 16 points, while the Nifty opened higher by 9 points in trade.

Nifty Trades Flat; Commodity Shares Gain
Tata Steel was up in early trade after the steel major signed a letter of intent for sale of its UK long product business.
 

Early Nifty losers in trade were stocks like Asian Paints, Cipla, Infosys and TCS. Realty major DLF was trading higher after reports that the company has received Rs 1,992 crore from Singapore's sovereign wealth fund GIC for stake in 2 upcoming projects in the national capital.

Idea Cellular saw some buying interest after the company launched high speed 4G LTE services in states of South India.

Other notable Nifty gainers included stocks from the commodity space like Vedanta, Coal India and ONGC. Alkem and Dr Lal's Pathological Labs, which got listed on Wednesday continued to see buying support. Both the stocks were up in trade.

Reliance Infra was also trading higher after reports that it plans to sell its cement business. Meanwhile, markets across Asia were trading higher with the KLSE composite and the Singapore's Strait Times seeing good gains.

GoodReturns.in

Story first published: Thursday, December 24, 2015, 9:27 [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