Indices Open Flat With A Negative Bias; RIL Stock In Focus Ahead Of Its Q3 Earnings

Even as the US stock markets recorded new high in the overnight trade, Indian indices in line with weak Asian indices will be dragged down. At the start, Sensex and Nifty opened lower by 31 and 12 points respectively.

In the previous day's trade, in a historic moment, Sensex climbed to 50,000 levels for the first time and now experts see another milestone of 1,00,000 on the Sensex attainable in just 4-5 years on reforms being taken at the centre.

Indices Open Flat With A Negative Bias; RIL Stock In Focus Ahead Of Its Q3 Earnings

Among top gainers, in early trade include stocks like Tata Motors, Bajaj Auto, Asian Paints Hero Motocorp and Shree Cements, while losers in trade have been Axis Bank, Hindalco, Tech Mahindra, Dr Reddys Labs and HDFC.

RIL shares which have gained some steam and have made a comeback after some somberness will be in focus as the conglomerate is slated to announce its Q3Fy21 results today.

Oil prices meanwhile have lost in early trade on demand concerns as new restrictions in China will stoke demand.

Also, rupee in the previous day's trade hit a 4-month high against the dollar primarily on the back of strength in Indian equities.

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