Equity benchmarks have opened on flat in the morning trade on Wednesday, Investors trade in the cautious mode that’s reasons market trade on the sluggish note. Meantime, BSE Sensex was up 15.90 points or 0.05 percent at 31,224.35 and the 50-share NSE Nifty gained 13.60 points or 0.14 percent 9,626.90. The Market breadth as about 1073 shares advanced against 450 declining shares on the BSE.
The Equity Market closed at the red note with the range bound trading session today. investors digested GST driven higher and awaited June quarter earnings that will begin next week. Sensex dragged 11.83 points at 31,209.79, lower by banks, auto, infra and FMCG stocks. However, the buying in index heavyweights Reliance Industries, HDFC, and Infosys capped downside. NSE Nifty success to managed to hold 9,600 level, fell by 1.70 points at 9,613.30.
The key indices Sensex and Nifty ended the session on a negative terrain in a volatile trade, dragged by fall in midcaps amid rising concern over cross border tensions. The BSE Sensex went down 63.61 pts at 30,301.64, while the NSE Nifty-50 index ended 16.40 pts lower at 9,369.75. Sentiment was dampened by growing Indo-Pak tensions. Moody’s down-grading of credit rating on China hurt the risk appetite.
Gold prices slipped after rising in the morning session, while gold still in the green note but its likely flat after the whole day getting a good strength. whereas Silver trading in the red note.