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The Indian Stock market has opened flat with negative global cues. The Sensex is up 29.27 points at 28912.38 and the Nifty is up 7.00 points at 8730.70. About 402 shares have advanced, 165 shares declined, and 154 shares are unchanged.
Tata Power, Bharti, Tata Steel, Axis Bank and Wipro are top gainers in the Sensex. Among the losers are ICICI Bank, Sesa Sterlite, Cipla, Tata Motors and NTPC. The Indian rupee opened lower by 13 paise at 61.88 per dollar on Thursday against previous day's closing value of 61.75 a dollar.
The S&P BSE Sensex pared gains after a positive start in absence of cues from Asian markets. Gains in technology, metals and power were offset by losses in banks, pharmaceuticals and FMCG sectors. Asian Intraday markets are trading in the red. China will be in focus today as the PBOC reduced the reserve requirements for banks by 50 basis points for the first time in two years.
In other asset classes, crude prices remained a source of market volatility. Nymex crude prices were steady around 48 dollars per barrel after closing nearly 9 percent lower overnight. Brent too traded around USD 54 per barrel.The Nifty was at 8,708.10, down 15.60 points or 0.18 per cent. It touched a high of 8,734.40 and a low of 8,706.75 in early trade.
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The Indian Stock market has opened flat with negative global cues. The Sensex is up 29.27 points at 28912.38 and the Nifty is up 7.00 points at 8730.70. About 402 shares have advanced, 165 shares declined, and 154 shares are unchanged.
Tata Power, Bharti, Tata Steel, Axis Bank and Wipro are top gainers in the Sensex. Among the losers are ICICI Bank, Sesa Sterlite, Cipla, Tata Motors and NTPC. The Indian rupee opened lower by 13 paise at 61.88 per dollar on Thursday against previous day's closing value of 61.75 a dollar.
The S&P BSE Sensex pared gains after a positive start in absence of cues from Asian markets. Gains in technology, metals and power were offset by losses in banks, pharmaceuticals and FMCG sectors. Asian Intraday markets are trading in the red. China will be in focus today as the PBOC reduced the reserve requirements for banks by 50 basis points for the first time in two years.
In other asset classes, crude prices remained a source of market volatility. Nymex crude prices were steady around 48 dollars per barrel after closing nearly 9 percent lower overnight. Brent too traded around USD 54 per barrel.The Nifty was at 8,708.10, down 15.60 points or 0.18 per cent. It touched a high of 8,734.40 and a low of 8,706.75 in early trade.
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