Sensex Opens 2018 On A Flat Note; PSU Banks Gain

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Benchmark indices opened the day on a very flat note, with the market on the first day of trading in 2018, seeing limited volatility.

Sensex Opens 2018 On A Flat Note; PSU Banks Gain
The Sensex was last seen trading lower by 12 points, while the Nifty was trading down 9 points at 10,520 points. Leading the set of gainers in trade from the Nifty were IndiaBulls Housing, Larsen and Toubro, Aurobindo Pharma and Axis Bank.

Government owned Punjab Nationa Bank was marginally higher after reports that the bank had raised interest rates by 1.2 per cent over various tenure of deposits.

Most of the government owned banks were trading higher, as investors were also willing to bet on resolution of non performing assets. State Bank of India, Punjab National Bank and Bank of Baroda were among the early gainers in trade.

Midcap stocks continued to ouperform with the index up almost 0.30 per cent in trade.

Read more about: bank, nifty, sensex
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