Sensex, Nifty flat as weakness in banks offsets Infosys gains

Wobbly Wednesday IMF predicts India’s GDP may contract to 10.3 per cent in FY21 Infosys to be in limelight today

Wobbly Wednesday IMF predicts India’s GDP may contract to 10.3 per cent in FY21 Infosys to be in limelight today

Mumbai (Maharashtra) [India], October 15 (ANI): Equity benchmark indices opened flat on Thursday with Sensex falling 13.99 points and Nifty falling 1.60 points.

ONGC and NTPC both are up by 1% were the other top Sensex gainers.

Overall market breadth was neutral, as 880 stocks rose on the NSE against 832 that fell.

Infosys shares traded 1 per cent lower at Rs 1,124.85 at the time, having risen as much as 4.30 per cent earlier, a day after the country's second largest IT services exporter raised its annual revenue growth forecast and posted a better-than-expected quarterly profit. The trend among the Nifty sectoral indices was mixed, with the Nifty Bank index, leading the list of losers with 0.7% down. Nifty Bank, Nifty Financial Services and Nifty FMCG were trading in the red.

Kristen Bell 'will continue to stand by' husband Dax Shepard despite relapse
During a recent episode of Dax Shepard's Armchair Expert podcast , the 45-year-old actor revealed he had relapsed. Kristen said that she loved most about Dax is that he was able to them and speak about needing a different plan.

The declines at banks come a day after the Supreme Court set its hearing on waiving interest on loans under moratorium to November 2, with banks hoping that the apex court will not offer any more reprieve to borrowers beyond the waiver on interest for loans up to 20 million rupees, which the government has agreed to pay.

Broader sentiment towards equities was weak, with Asian shares trading lower as hopes for a US fiscal stimulus before the November elections faded.

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.5 percent while Japan's Nikkei dropped 0.5 percent.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.