OPENING BELL
Equity markets opened flat on Monday as investors await retail and wholesale inflation readings for October.
Stock market live:
The BSE Sensex fell 47 points to 61,748, while the NSE Nifty was nearly unchanged at 18,344.
Among the 30-Sensex constituents, Tata Steel, PowerGrid, M&M, Kotak Bank, and IndusInd Bank opened with most gains (up to 2 per cent higher ). While Hindalco, Apollo Hospitals and JSW Steel were the additional frontrunners on the Nifty index.
On the other hand, Dr Reddy’s, SBI, Divis’s Labs, Sun Pharma, ITC, and Maruti Suzuki were the top drags across the two frontline indices, up to 4 per cent lower.
In the broader market, the BSE midcap and smallcap indices held fractional cuts, down up to 0.3 per cent.
From sectors, the Nifty pharma index exhibited most weakness, slipping over 1 per cent. Media index was another top laggard, down nearly 2 per cent. While IT pack held firm gains of up to 0.6 per cent.
Among individual stocks, LIC rallied 7 per cent after the company posted 11 times higher profit in Q2 over the last year.
Zee Entertainment, on the other hand, slipped nearly 4 per cent on weak Q2 performance. The company reported a 58 per cent YoY decline in profit at Rs 112.8 crore for the quarter.
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