Twitter

Facebook

Youtube

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Rashtriya Sahara Roznama Sahara
Sensex trades flat after opening in green
Last Updated : 20 Jun 2024 01:51:36 PM IST
Sensex trades flat after opening in green
Sensex trades flat after opening in green

 

Indian equity benchmarks were trading flat on Thursday as mixed cues from global markets. At 9.50 a.m., Sensex was down 28 points or 0.04 per cent, at 77,309 and Nifty was down 16 points or 0.07 per cent at 23,499.

Banking stocks are leading the market. Nifty Bank is up 153 points or 0.30 per cent, at 51,558.

Midcap and smallcap stocks outperform compared to largecaps. Nifty midcap 100 index is up 334 points or 0.61 per cent, at 55,286 and Nifty smallcap 100 index is up 97 points or 0.54 per cent, at 18,257.

In the Sensex pack, Kotak Mahindra Bank, HDFC Bank, Tata Motors, Tata Steel, Titan Company, UltraTech Cement, Bharti Airtel and M&M are the top gainers. Sun Pharma, Bajaj Finance, Bajaj Finserv, Nestle, and HCL Tech are the top losers.

Among the sectoral indices, banks, realty, and metal are major gainers. Auto, IT, pharma, and FMCG are major laggards.

As per the market experts, "The current distinct trend in the market is the sectoral churn happening somewhat strongly. Huge money is flowing into fairly valued largecaps in banking and profit booking is happening in sectors like capital goods, telecom, metals and FMCG. This churn is likely to continue in the near term since it is a healthy trend. The overvalued broader market space also is taking a breather."

"The trend of FII selling also appears to be over since they turned big buyers yesterday posting positive buy numbers for June. With both FIIs and DIIs turning buyers, the market is likely to remain resilient," they added.

Mixed trading is taking place in Asian markets. The markets of Tokyo, Shanghai, Hong Kong, and Bangkok are in the red. At the same time, Seoul and Jakarta are in the green. American markets closed with gains on Wednesday.



IANS
Mumbai
For Latest Updates Please-

Join us on

Follow us on


What binds the two most talked about nations - India and Pakistan together? What makes the

Actress Kritika Kamra is excited to work with National Award-winning filmmaker Nagraj Manj

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

172.31.16.186