Sensex, Nifty open on a flat note due to weak macro-economic data

SENSEX Nifty BUY SELL Sensex & Nifty opened lower tracking Asian cues, as Asian markets were trading lower ahead of U.S Fed Reserve’s policy results later today. The BSE Sensex was trading at 33,17696, down 51 points, while the broader Nifty 50 was ruling at 10,228, up by 12 points in the late morning hours.

GAIL India, Bharti Airtel and ONGC are the top gainers, while ITC, Adani Ports and Vedanta Ltd lost the most both on Sensex and Nifty in the morning hours
Shares of Yes Bank fell 0.24 percent. The bank said it has been allocated 9.40 lakh equity shares under the anchor investor portion to the IPO.

Shares of Bharti Airtel Limited rose 1.8 percent as global private equity firm Warburg Pincus will pick 20 percent equity shares in Bharti Airtel’s DTH arm, while shares of Wipro Ltd rose 0.09 percent at Rs 287.45. 

Oil prices surged in early Asian trade on Wednesday as industry data indicated a considerable drawdown in US. Crude stockpiles, while The Indian rupee opened at 64.52 per dollar and was trading at 64, down 0.25% from its Tuesday’s close of 64.41.

Best stock tips -Stocks today- Pharma stocks lead in the morning trade

Share market tips

Stocks of Pharma companies have been lending support to the in Nifty and Sensex on Friday morning trade, whereas HDFC and TCS shares fell. Nifty Pharma index is at pinnacle among the sectoral indices on NSE. The index is trading at 9083 level, up by 2.53 percent.

Sun Pharma, Aurobindo Pharma, Lupin and Divi’s Lab are also among the gainers in the index trading higher by above 2 percent, while other pharmaceutical stocks such as GlaxoSmith, Glenmark and Cadila are trading higher by above 1 percent.

At 10.20 am The BSE Sensex is trading up by 120.83 points at 31851.32, while the NSE Nifty is trading up by 35 points at 9952.85.