12 April Wednesday Sensex opens flat, Nifty below 9,200

Indian share markets have opened the day on a flattish note tracking global equity markets. At 10:15 am, the BSE Sensex was trading at 29,620.22, down 168 points, while the NSE Nifty-50 Index was ruling at 9,182 down 55 points. 

The BSE Mid Cap index was down 0.88% and BSE Small Cap Index down 1.31%. On the BSE, about 1124 shares advanced, 626 shares decline and a total of 52 shares were unchanged. 

Meanwhile, on Tuesday, FPI sold equities worth Rs 750 crore, while domestic investors bought equities worth Rs 827.00 crore. 

Reliance (RIL) gained 0.38% after its subsidiary, Reliance Jio Infocomm declared that the Jio Summer Surprise was fully withdrawn, following the advice TRAI. 

The Eicher Motors Ltd was the top Nifty gainer trading higher by 1.4% at Rs 26,240 per share. The stock of Eicher Motors’s was outperforming the major indices in the markets, in the morning hours. 

Precious metal, Gold hit a five-month high after rising nearly 2 percent on Tuesday. Gold climbed to USD 1,275.66 an ounce and crossed its highest since November 10.

Sensex trades lower, Nifty below 8,400, Elite Investment Advisory Company

The benchmark indices opened on Monday trade lower ahead of GST meet coupled with concern over Wholesale Price index (WPI) based inflation due later in the day. 

At 10:20 am, the S&P BSE Sensex was trading at 27,255, up 40 points, while the broader Nifty 50 was ruling at 8,400, up 8 points.  In broader market, the BSE Midcap and BSE Smallcap indices noted an uptick of 0.33%, and 0.4%, respectively.

Tata Motors, HDFC Bank, Lupin and Hero MotoCorp are major contributors while Infosys. Cipla, ICICI Bank, NTPC and Asian Paints are losers in the Sensex. 

The GST Council, headed by Arun Jaitley, will meet for the ninth time today, since the last four meetings ended in a stalemate with states seeking single powers to control assessee with annual turnover of up to Rs 1.5 crore.