Indian equity benchmarks were flat in the opening trade despite fall in global markets. The Nifty has been in a tight range of 5500-5600 since last week.
Among frontliners, Axis Bank, HDFC Bank, HUL, Kotak Mahindra Bank, Bajaj Auto, Hero Honda, M&M, BHEL, Reliance Capital, ONGC and SAIL were supporting the market.
However, HCL Tech fell 2%. BPCL lost 2%.
Sun Pharma and Ambuja Cements too were down. ICICI Bank, Infosys and L&T were marginally in the red.
At 9:18 hours IST, the 30-share BSE Sensex was trading at 18,402, up 9 points while the 50-share NSE Nifty fell just 1.5 points to 5,525.
The CNX Midcap went up 21 points to 8,060 and the BSE Smallcap Index rose 19 points to 8,338. About 447 shares advanced as against 328 shares declined on National Stock Exchange.
Midcap & Smallcap space
HCL Infosystem plunged 8% on heavy volumes after CBI investigation. MTNL lost 2.5%. CBI alleges MTNL awarded contract to HCL Info at Rs 570 crore vs initial estimate of Rs 31 crore.
IRB Infra, GVK Power, Jain Irrigation and TTML declined over 1%.
IOC and HPCL were down over 1% as oil spiked up.
However, DB Realty gained another 2.5%
source- money control
Stevenson
Management trainee-fundamental analyst
DENIP consultants Pvt Ltd
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