Sensex, Nifty trade flat; Bharti Airtel stock drops 4%
Equity tips:-
The Sensex slipped 75 points to 36,507, while the Nifty was down 16 points to 10,896. The market breadth was narrow with 730 shares advancing, 791 shares declining, and 501 remaining unchanged.
Equity benchmark indices opened on a flat note in Tuesday’s trade. Investors will watch out for overnight and seven-day reverse-repo auctions by the RBI today and 13-day term repo auction. HDFC twins, Infosys, Reliance Industries, and Bharti Airtel were among the top losers on the Sensex.
Shares of Bharti Airtel slipped 4% on the BSE in morning trade after Moody’s Investor Service downgraded it by one notch to Ba1 from Baa3 on concerns that cash-flow generation at India’s second largest telecom operator will remain weak for several quarters to come.
The Sensex slipped 75 points to 36,507, while the Nifty was down 16 points to 10,896. The market breadth was narrow with 730 shares advancing, 791 shares declining, and 501 remaining unchanged.
The Indian rupee opened marginally higher by 0.15% at 71.69 against the greenback.
Dr. Reddy’s, Indiabulls HF, Hero MotoCorp, Tech Mahindra, and Eicher are trading higher on the NSE, while Bharti Airtel, Vedanta, Zee, Yes Bank, and HPCL are trading lower.
Volatility index India VIX gained 1.31% to 15.93.
The most active stocks were SRF, Bharti Airtel, Jubilant Food, Infosys, and Dr. Reddy’s.
US stock markets ended higher for the fourth straight session after President Donald Trump told CBS that trade talks with Beijing are "doing very well" and added that he saw a "good chance" of reaching a deal with North Korea on denuclearization.
Shares of Bharti Airtel slipped 4% on the BSE in morning trade after Moody’s Investor Service downgraded it by one notch to Ba1 from Baa3 on concerns that cash-flow generation at India’s second largest telecom operator will remain weak for several quarters to come.
The Sensex slipped 75 points to 36,507, while the Nifty was down 16 points to 10,896. The market breadth was narrow with 730 shares advancing, 791 shares declining, and 501 remaining unchanged.
The Indian rupee opened marginally higher by 0.15% at 71.69 against the greenback.
Dr. Reddy’s, Indiabulls HF, Hero MotoCorp, Tech Mahindra, and Eicher are trading higher on the NSE, while Bharti Airtel, Vedanta, Zee, Yes Bank, and HPCL are trading lower.
Volatility index India VIX gained 1.31% to 15.93.
The most active stocks were SRF, Bharti Airtel, Jubilant Food, Infosys, and Dr. Reddy’s.
US stock markets ended higher for the fourth straight session after President Donald Trump told CBS that trade talks with Beijing are "doing very well" and added that he saw a "good chance" of reaching a deal with North Korea on denuclearization.
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