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Thursday, November 1, 2018

Indices erase morning gains as Nifty trades below 10,400; bank stocks outshine


It’s a strong start, in line with pre-opening trends, on the market on Thursday morning. The Nifty has surpassed 10,400, while the Sensex is higher by over 150 points. 
At 09:15 hrs IST, the Sensex is up 160.97 points or 0.47% at 34603.02, while the Nifty is higher by 38.60 points or 0.37% at 10425.20.
Among sectors, automobiles, infrastructure, energy and metal names are trading in the green, while IT names along with pharmaceuticals are trading lower. The Nifty Midcap index is higher by 0.4 percent.  
Shares of Larsen & Toubro are higher by 5 percent after the company reported strong numbers for September quarter. 
Market Update: The benchmark indices erased all morning gains as Nifty is trading below 10,400 mark.
At 11:13 hrs IST, the Sensex is down 62.64 points or 0.18% at 34379.41, while Nifty down 26.30 points or 0.25% at 10360.30. About 1417 shares have advanced, 682 shares declined, and 1557 shares are unchanged. 

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Source: https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-indices-erase-morning-gains-as-nifty-trades-below-10400-bank-stocks-outshine-3114581.html

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