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Sensex, Nifty open moderately lower; TCS, HUL lead gainers

The benchmark indices on Monday continued to trade flat tracking mixed trend seen in Asian markets as uncertainty over US fiscal and monetary policies kept the momentum tepid.

TCS, HUL, GAIL, Wipro, Bharti Airtel, Idea Cellular, Kotak Mahindra Bank and HCL Technologies were early gainers while Maruti Suzuki, Tata Motors, HDFC Bank, ITC, Cipla, Tata Motors (DVR) and Eicher Motors were losers.

Market Update: Equity benchmarks remained flat as investors await further details from US President Donald Trump on his economic policies, including tax reforms.

The 30-share BSE Sensex was up 24.70 points at 28493.45 and the 50-share NSE Nifty rose 9.20 points to 8830.90.

9:52 am Buzzing: Shares of Moschip Semiconductor has locked at 5 percent upper circuit as it has bagged an order worth USD 1 million.

Global markets

Asian markets traded mixed. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1% and back toward a 19-month peak set last week.

Source: moneycontrol.com

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