Categories: Business

Sensex, nifty open on a flat note amid a weak global cue

Mumbai: Equity benchmark sensex and nifty opened on a warm note on Thursday amid a negative signal from the global market.
Sensex 30-shares traded 46.4 points or 0.08 percent lower at 58,203.86.
Similarly, Nifty slipped 5.85 points or 0.03 percent to 17,347.65 in the initial transaction.
Tech Mahindra is a top loser in the sensex package, spilling around 1 percent, followed by M & M, Dr.
Reddy’s, Axis Bank, Sun Pharma, Titan and Ultratech Cement.
On the other hand, bank boxes, Bharti Airtel, SBI, Bajaj Finserv and Nestle India are among enhancers.
In the previous session, the 30-share index ended 29.22 points or 0.05 percent lower at 58,250.26, and nifty slipped 8.60 points or 0.05 percent to 17,353.50.
Foreign Institutional Investors (FIIS) are clean sellers in the capital market because they lowered shares worth 802.51 crore on Wednesday, according to temporary exchange data.
Domestic exchanges seemed tired in recent trading after witnessing the highest record in the past few weeks, said Head-Strategy Binod Modi at Reliance Securities.
Elsewhere in Asia, the stock exchange in Hong Kong, Tokyo and Seoul traded with losses in a mid-session agreement, while Shanghai was positive.
US equity ends on negative records in the overnight session.
Meanwhile, Brent Crude’s international oil benchmark rose 0.22 percent to USD 72.76 per barrel.

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