Indian share markets have opened the day on a flattish note with a negative bias as slackness in Asian stocks weighed on sentiment. At 10.25 am, the BSE Sensex was trading lower by 167.83 points or 0.52% while the NSE Nifty50 was trading lower by 47.15 points or 0.47%. The BSE MidCap and BSE SmallCap both opened the today on a flat note.
The Sensex and Nifty settled with small gains since positive cues from global stocks. The BSE Sensex, resumed higher by 60.23 points or 0.19% at 32,575.17, while the Nifty index also closed at a peak 37.55 points or 0.37% at 10,114.65 on Tuesday.
The Equity Market has started off the August series on a negative territory, with NSE Nifty slipped below 10,000 marks on correction in banks and healthcare stocks. the country’s largest private banking sector ICICI Bank and major pharma companies Dr Reddy Labs was reported weak result on Thursday for the April – June quarter. Shares of ICICI Bank fell 2.12% to Rs 300.70 and Dr. Reddy’s Laboratories the worst loser after the pharma company reported a decline, down 5.66% at Rs 2,472.00 per share.
Money Maker Research & Investment Advisor Pvt. Ltd. is a leading and award-winning advisory in India, company provides you with the entire gamut of financial advisory services under one ceiling. It is one of the few organizations providing research and information on Indian capital markets mainly based on Technical Analysis and enjoys a strong reputation amongst investors, brokers, and researchers. Our team is highly skilled with experienced analysis, our research team allegiance towards research and efficiency to manage client’s fund and help them to maximize their return.