Mumbai, Aug 13 (IANS) Indian frontline indices saw a muted opening on Tuesday due to volatility in the market.
At 9.50 a.m., Sensex was at 79,600, down 48 points or 0.06 per cent and Nifty was down 9 points or 0.04 per cent at 24,337.
The market trend seems positive. On the National Stock Exchange (NSE), 1162 shares are in green and 910 shares in red.
A buying trend is seen in midcap and smallcap shares compared to largecap shares. Nifty midcap 100 index is at 57,592, up 235 points or 0.41 per cent, and Nifty smallcap 100 index is at 18,484, up 63 points or 0.35 per cent.
Market experts say, “Market’s dismissal of the Hindenburg report as inconsequential is significant. This further reinforces investors’ confidence in the success of the buy-on-dips strategy which has been one of the main driving forces of this bull run.”
In the Sensex pack, Bharti Airtel, Sun Pharma, ICICI Bank, TCS, Axis Bank, L&T, Kotak Mahindra Bank, Maruti Suzuki, NTPC and Nestle India are the top gainers. HDFC Bank, Tata Motors, Asian Paints, Bajaj Finance, HUL, Bajaj Finserv and Titan are the top losers.
Vaishali Parekh, Vice President-Technical Research at Prabhudas Lilladher said, “Nifty has been holding with a range bound movement for the last 3-4 sessions, hovering near the 24,300-24,400 zone failing to give a close above the 24,400 levels which is important to establish conviction and thereafter anticipate for further rise for next target of 24,700 levels.”
Asian markets are trading with mixed sentiments. The markets of Tokyo, Hong Kong and Jakarta are bullish. The markets of Bangkok and Shanghai are in the red. The US markets closed mixed on Monday.
The foreign institutional investors (FIIs) sold equities worth Rs 4,680 crore on August 12, while domestic institutional investors bought equities worth Rs 4,477 crore on the same day.
–IANS
avs/dpb
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.
