Business Standard

Tuesday, January 07, 2025 | 07:56 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Markets open flat for special trading session

ITC, HDFC and Infosys among the top losers

SI Reporter Mumbai
Markets started a two-hour special trading session on a flat note. The Sensex was down seven points at 21,747 and the Nifty moved further away from the 6,500 levels with a seven point dip at 6,486.

Weakness in index heavyweights like ITC, HDFC and Infosys weighed on the indices.

Broader markets continued it uptrend. The mid and smallcap index advanced 0.3% each in an otherwise very flat market. 

Overnight, U.S. stocks dipped on Friday, as investors booked profits in momentum names heading into the weekend, wiping out early gains that had pushed the S&P 500 to an intraday record high.
 
The Dow Jones industrial average fell 0.17 per cent, to 16,303. The S&P slipped 0.29 per cent, to 1,8667. The Nasdaq Composite dropped 0.98 per cent, to close at 4,277.

Back home, Health Care, Power and Realty indices up 0.1-0.2% were the only sectoral gainers.

Capital goods and Auto indices were almost unchanged.

FMCG, IT, Metal and banking indices lost between 0.1-0.2%.

Sun Pharma, Mahindra & Mahindra, Hero MotoCorp, Bharti Airtel and TCS up 0.6-0.8% were the leading gainers in opening trades.
 
On the other hand, Hindalco down 1.3% was the top loser after global rating agency Moody's placed the debt of Novelis, the Aditya Birla group's aluminium can maker, under review for downgrade to a probable default rating.
 
Dr Reddys Lab, Axis Bank, ITC, L&T and Infosys down 0.1-0.6%

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 22 2014 | 11:25 AM IST

Explore News