Sensex, Nifty trade flat; auto, banking stocks drag

The BSE Mid-cap Index is trading up 0.36% at 11,088, whereas BSE Small-cap Index is trading up 0.58% at 11,496.RIL, Sun Pharma, Bharti Airtel, Vedanta, Lupin and Hero MotoCorp are among the gainers, whereas Tata Motors, Tata Steel, ONGC, L&T, HDFC, ICICI Bank and HDFC Bank are losing sheen on BSE.

Oct 19, 2015 10:10 IST India Infoline News Service

Stock,Market
At 10:39 AM, the S&P BSE Sensex is trading at 27,299 up 84 points, while NSE Nifty is trading at 8,239 up 14 points.

The BSE Mid-cap Index is trading up 0.36% at 11,088, whereas BSE Small-cap Index is trading up 0.58% at 11,496.

Some buying activity is seen in oil & gas, consumer durable, IT, teck, realty and pharma sectors, while auto, banking and fmcg sectors are showing weakness on BSE.

RIL, Sun Pharma, Bharti Airtel, Vedanta, Lupin and Hero MotoCorp are among the gainers, whereas Tata Motors, Tata Steel, ONGC, L&T, HDFC, ICICI Bank and HDFC Bank are losing sheen on BSE.

Indian Rupee today opened higher by 4 paise at 64.71/$ in early trade on Monday.

On macroeconomic side, a slew of numbers were released last week, which portrays Indian economic story as a bright spot amid a fragile global economic backdrop. In this respect, India’s Industrial production during August grew much better than expected at 6.4% on yoy basis. August has witnessed a strong jump in economic activity, when compared with a reading of 4.1% gain in July. Meanwhile, Indian government reported that retail inflation during September increased 4.41% on yoy basis, following an upwardly revised 3.74% rise in August.

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