Sensex trades flat with positive bias, Nifty above 15,850

Domestic benchmark indices traded flat on Tuesday, moving between gains and losses.

The Indian equity benchmarks Bombay Stock Exchange Sensex and Nifty 50 edged higher on Tuesday morning.

 

The 30-share BSE Sensex was trading 55.46 points or 0.10 per cent higher at 52,935.46 in initial deals. While, the broader NSE Nifty advanced 24.05 points or 0.15 per cent to15,858.40.

 

UltraTech Cement was the top gainer in the BSE Sensex, rising to 0.69 per cent and followed by HDFC Bank, Maruti, Tata Steel, Titan and Bajaj Auto, HDFC, M&M, L&T and Bajaj Finance.

 

On the other hand, Tech Mahindra, Nestle India, Bharti Airtel, Sun Pharma, TCS, HUL, and Reliance Industries were among the laggards.

 

India VIX was trading up in the green. Nifty FMCG and Nifty Pharma were the only two sectoral indices to trade in red. Bank Nifty as up 0.3 per cent.

 

Foreign institutional investors (FIIs) offloaded shares worth rupees 338.43 crore on Monday, while domestic institutional investors bought shares worth Rs 645 crore as per provisional exchange data.

 

On the global side, US markets were closed on Monday to mark the Independence Day holiday. And in Asia, bourses in Seoul and Tokyo were trading in gains, while Shanghai and Hong Kong were trading with losses in mid-session deals.

 

India Scanner News Network

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