Mumbai, May 28 (IANS) Indian equity benchmarks opened flat on Tuesday following sideways momentum in the market due to elections.
At 9:50 a.m., Sensex was at 75,477, up 79 points or 0.11 per cent and Nifty was up 28 points or 0.13 per cent at 22,961 points.
Midcap and smallcap stocks are underperforming to large-cap. Nifty Midcap 100 index is down 91 points or 0.17 per cent, at 52,667 and Nifty Smallcap 100 index is down 14 points or 0.08 per cent, at 17,006.
India volatility index (India VIX) is up 2.03 per cent at 23.66 points.
The positive trend has been seen on NSE. Out of the total shares, 1077 are in green while 916 shares remain in red.
19 out of 30 Sensex stocks are trading in green.
NTPC, Tata Steel, Wipro, JSW Steel, SBI, Bajaj Finance and IndusInd Bank are the top gainers.
Tech Mahindra, Infosys, Bharti Airtel, Asian Paints, TCS and HCL are the top losers.
Among Sector Indices, Nifty Pharma is the top gainer. Metal and Healthcare are other major gainers. IT, Auto, Reality and Oil & Gas are major laggards.
Mixed trading is taking place in Asian markets. Tokyo and Bangkok are in the red. At the same time, Hong Kong, Shanghai, Jakarta and Seoul are bullish. US markets were closed on Monday.
Brent crude remains at $83 per barrel and WTI crude at $79 per barrel.
Vaishali Parekh, Vice President -Technical Research, Prabhudas Lilladher Pvt Ltd, said: “Nifty has once again made an all-time new high breaching above the 23100 zone during the intraday session but failed to give a close above the 23000 levels with profit booking in the final hours eroded the gains to some extent.”
“The index would have the important near-term support of 22800 levels while on the upside a decisive breach above 23200 levels shall trigger for further rise till targets of 23500-23600 zone in the coming days,” she added.
–IANS
avs/uk
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
