Indices Start On A Muted Note; Dixon Technologies In Focus

Indian indices after correction in the previous day started on a muted note on weak global cues. At the start, Nifty was up by 0.07% at 15220 , while Sensex gained 0.10% and then in some minutes pared these minor gains to trade weak.

GAIL, SBI, ONGC, IndusInd Bank and Shree Cements were among early gainers while laggards include ICICI Bank, Axis Bank and Hero Motocorp among others.

Indiamart Intermesh has launched an QIP to aggregate Rs. 1100 crore. The stock's movement shall be tracked.

Airtel will acquire 20 percent stake in Bharti Telemedia from Lion Meadow Investment Ltd, a Warburg Pincus entity. In the pre-trading session, the scrip of Bharti Airtel traded higher by .

Also, as the government extended production linked incentives for networking and telecom equipment companies, scrip of Dixon Technologies and Sterling Technologies shall be in focus.

Meanwhile, Asian markets traded little higher as coronavirus pandemic concerns again emanated and offset any positive economic data.

Oil prices also gained above $65 per barrel levels as US crisis led to global supply shock.

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