Sensex, Nifty Flat; Hindustan Zinc Gains 1.39 pct, SKS Microfinance Up 2.64 pct


MUMBAI: 10.00 am: Brokers said that apart from profit-booking in recent gainers, a mixed trend at other Asian markets mainly dragged the indices down. Sensex was down 15.20 points at 27,350.

9.47 am: Indian rupee fell 16 paise to 64.96 against the dollar in early trade due to fresh dollar demand from importers. Sensex was down 29.34 points at 27,335.58. Nifty was down 13.20 points at 8,261.85.

9.32 am: Hindustan Zinc shares were trading 1.39 percent up at Rs 160.60. SKS Microfinance shares were up 2.64 percent at Rs 460.80. Sensex was up 1.04 points at 27,365.96. Nifty was up 4.45 points at 8,270.60.

9.22 am: In the 50-share index, Ultratech Cements, Infosys, Lupin, Tata Power and TCS were up between 0.45 percent and 1.45 percent. On the other hand, Vedanta, ONGC, Bharti Airtel, ACC, ICICI Bank slid between 0.70 percent and 1.30 percent.

The BSE Sensex and NSE Nifty opened flat on Tuesday tracking mixed Asian markets. Sensex opened 34.18 points up at 27,399.10. Nifty opened 5.25 points up at 8,280.30.

Nestle India stocks will also be in focus after Karnataka and Gujarat lifted ban on manufacturing and sale of Nestle India’s popular instant food brand Maggi noodles. The share price of the company was up 2 percent in the opening trade.

BPCL will also be in focus on Tuesday after Barclays cuts the oil marketing company’s stocks to “underweight’ from “overweight” citing re-rating may have gone too far. BPCL shares were up around 1 percent in the opening trade.

Hero MotoCorp, ACC, Bajaj Finserv, Bajaj Finance, Biocon, Can Fin Homes, DHFL and Everest Industries are some of the companies which may announce their September quarter earnings on Tuesday.

Source: PTI