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Market Live: Sensex, Nifty trade flat; metal, pharma stocks in focus

On the sectoral front, except IT all other indices are trading in green.

Apr 10, 10:03 AM (IST)
Praj Industries in pact with US co: Praj Industries surged 7 percent after company signed a construction license agreement (CLA) with US-based Gevo, Inc to offer technology for production of high energy renewable aviation jet fuels.

Apr 10, 09:52 AM (IST)
Buzzing: Shares of Mahindra CIEAutomotive rallied nearly 2 percent after the company completed the acquisition of Aurangabad Electricals for Rs 830 crore.

Apr 10, 09:41 AM (IST)
Crude Update: Oil prices edged back towards five-month highs on Wednesday, supported by ongoing supply cuts by producer club OPEC and US sanctions against oil exporters Iran and Venezuela.

Apr 10, 09:30 AM (IST)
Operations at Hindalco’s Muri plant suspended temporarily: There was an incident in the red mud (bauxite residue) storage
area connected to the alumina plant situated at Muri, Jharkhand, on 9th April 2019.

The incident involved a spillage in the red mud cake storage area. As a precautionary measure, operations have been temporarily suspended to assess the situation.

Apr 10, 09:18 AM (IST)
Market Opens: It is a weak start for the benchmark indices on Wednesday with Nifty slipped below 11,650 level.

At 09:17 hrs IST, the Sensex is down 60.01 points at 38879.21, while Nifty is down 19.10 points at 11,652.90. About 314 shares have advanced, 431 shares declined, and 38 shares are unchanged.

Wipro, Yes Bank, Cipla, Infosys, ONGC, RIL, HCL Tech, HUL, Tech Mahindra, Bajaj Finance are among major gainers on the indices, while losers include HDFC, HDFC Bank, Hindalco, Hero Motocorp, Grasim, UltraTech Cement and Gail,

On the sectoral front, auto, infra, metal, pharma and infra are under pressure, while IT space is trading higher.

Apr 10, 09:06 AM (IST)
Rupee Opens: The Indian rupee opened flat at 69.28 per dollar on Wednesday versus previous close 69.29.

Apr 10, 09:02 AM (IST)
Market at pre-open: Benchmark indices are trading lower in the pre-opening with Nifty around 11,650 level.

At 09:03 hrs IST, the Sensex is down 96.44 points or 0.25% at 38842.78, and the Nifty down 20.70 points or 0.18% at 11651.30.

HDFC Bank, Zee Entertainment, SBI, Hindalco are trading lower in the pre-opening session.

source: moneycontrol.com

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