Sensex Opens Flat; Asian Markets Fall

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Benchmark indices opened the day flat, despite a sharp fall in indices across Asia. US and European markets fell, as investors worried over economic growth across the globe. 

The Sensex was trading at a loss of  8 points, while the NIfty gained 1 point. 

Sensex Opens Flat; Asian Markets Fall
Shares in BHEL, which rallied almost 5 per cent on Thursday, following a robust order inflow, saw some profit booking. 

Shares in ICICI Bank and State Bank was up marginally. Both the banks cut home loan rates by 10 basis points. 

NBCC rallied, following a solid order inflows. The stock has seen a good rally in the last few months.

Infosys was leading losers ahead of its results later next week. The stock was down 1 per cent in trade.

PSU banking stocks were down, with IDBI Bnak losing after reports that a stake sale in the bank will happen only to large institutions.

IPCA Labs was down 10% in trade on sustained selling pressure. Stocks like Strides Arcolabs, Dr Reddy's and Sun Pharma were early gainers from the space. 

Meanwhile, the forex markets were closed for trade today.

Read more about: sensex, nifty
Story first published: Friday, April 8, 2016, 9:28 [IST]
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