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Indian Markets Open The Day Flat; Asia Subdued

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Benchmark Indian indices opened the day flat, as Asian markets were also subdued, following mixed closings across the US.

The Sensex was trading with losses of 45 points at 35,046 points, while the Nifty lost 15 points in early trade. Leading the set of gainers in trade were stocks like Reliance from the Nifty.

Shares in P C Jeweller was once again volatile, after the company denied a newschannel report of CBI raids. The management once again reaffirmed that it was "business as usual" at the company. The shares were up a huge 7 per cent in trade.

 

Shares in Ambuja Cement was trading with gains ahead of its results to be declared later today.

Indian Markets Open The Day Flat; Asia Subdued
Vakrangee Limited, which was investigated by SEBI for price manipulation and was cleared, once again plunged to the lower end of the circuit filter. The stock was down 5 per cent at Rs 84.

PNB Housing reacted to numbers that were almost flat. The stock was up marginally at Rs 1418. The company plans to raise money through borrowings. Shares in Thrulmalai gained after announcing a stock split of shares.

Meanwhile, most of Asia was trading lower, as trade barriers continued to leave investors worried. Markets across the globe have rallied a fair bit and the present correction is viewed as healthy.

The Japanese Nikkei, Hong Kong's Hang Sang and the Korean Kospi were all lower in trade today.

GoodReturns.in

Read more about: sensex nifty
Story first published: Friday, May 4, 2018, 9:19 [IST]
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