Market continues to trade flat as investors bet cautiously; Media and Auto stocks lead

Following mixed global cues, the Indian stock market indices were trading flat on Friday morning.

Nov 27, 2020 04:11 IST India Infoline News Service

Following mixed global cues, the Indian stock market indices were trading flat on Friday morning.
Indications of a speed-up in the pace of economic recovery have, seemingly, made investors optimistic. At around 10.33 am, the NSE index was trading marginally higher at 12,985.60, up by 0.01% or 1.40 pts. Whereas, Sensex was marginally down by 44.39 pts or 0.10%, trading at 44,215.35.
Both the benchmarks, even though trading flat, are trading quite closer to the record highs they set earlier this week on Tuesday.
The sectoral indices on the NSE were trading in the green with the exception of Nifty Financial Services and Nifty IT, which were trading low by a marginal percentage.
Nifty Media remains in the highlight by gaining by ~2% with Zee Limited surging by over 5% and DB Corp by 3.01% on the index.
Next in the line of gainers were the Auto stocks, which rose by 1.55% on the early morning trade. On Nifty Auto, Tata Motors took the lead by gaining by over 4.14%, while TVS Motor was rising by 3.87%.
On the benchmarks, Tata Motors, Bajaj Auto and NTPC were the top gainers. While Power Grid, HDFC Life, Hindalco were the top losers.

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