The markets opened flat with a positive bias on Monday taking cues from Asian markets which got a boost following Wall Street’s postive performance on Friday after stronger-than-expected jobs growth in July.
Back home, investors will review the government’s latest exchange-traded fund (ETF), Bharat-22, while a slew of corporate earnings such as Tata Steel and Britannia will also set the market direction through the day.
L&T Finance Holdings, Jaiprakash Associates, Sarda Energy, Apollo Tyres, Bhushan Steel, Wockhardt, Sintex, Eros International, Cadila Healthcare and Torrent Power rallied up to 10 percent.
9:55 am – Equity benchmarks erased early gains, with the Sensex down 27.38 points at 32,298.03 and the Nifty down 3.45 points at 10,062.95.
TCS, Infosys, HUL, Reliance Industries, HCL Technologies, Yes Bank and ONGC were under pressure while ICICI Bank, Tata Steel, Maruti Suzuki, Hero Motocorp and Vedanta gained strength.
The broader markets outperformed benchmarks, with the BSE Midcap and Smallcap indices rising half a percent each. About two shares advanced for every share falling on the BSE.
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