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.

5 Dec Tuesday Sensex, Nifty slip in early trade; RCom tanks 7%

sensex nifty downThe benchmark indices Sensex & Nifty opened moderately lower on Tuesday as most of the Asian shares slipped in the early morning led by the falls in I.T stocks.

At 10.48 am, the BSE Sensex shed 114.33 points to begin at 32,755.39 whereas NSE Nifty 50 started the day at 10,090.10, down by 37.65

Shares of Wipro Ltd, Adani Ports, Power Grid and NTPC were the top losers today followed Infosys and HDFC Bank which contributed the most to the Sensex fall, while the shares of Bharti Airtel, ICICI Bank, supported to reduce the losses.

Shares Reliance Communications (RCom) slipped 6.93 percent to hit the day’s low of Rs 10.74 while Reliance Naval dipped 4.22 percent to day’s low of Rs 34.

The Reserve Bank of India’s two-day monetary policy review starts today and the decision will be released by tomorrow. The RBI’s monetary policy committee is expected to keep the policy repo-rate unchanged in the upcoming monetary policy review owing to various factors.