homemarket Newsstocks News

Sensex, Nifty open flat; Sun Pharma, Vedanta top gainers

Sensex, Nifty open flat; Sun Pharma, Vedanta top gainers

Sensex, Nifty open flat; Sun Pharma, Vedanta top gainers
Profile image

By CNBC-TV18 May 14, 2019 9:47:05 AM IST (Updated)

Indian shares opened flat on Tuesday, tracking subdued trading in global markets after US-China trade war escalated, with Beijing announcing retaliatory tariffs on US goods.

Indian shares opened flat on Tuesday, tracking a muted trend in global markets after US-China trade war escalated, with Beijing announcing retaliatory tariffs on US goods. Additionally, foreign outflows, rising oil prices, and the currency’s movement also capped gains.

Recommended Articles

View All

At 9:20 AM, the Sensex was down 32 points at 37,058, and the Nifty50 was trading 27 points lower at 11,121.
Sun Pharma, ITC, Reliance Industries, TCS and ICICI Bank were among the major gainers on Nifty50, whereas Tata Motors, Tata Steel, Eicher Motors, L&T, and Coal India led the losses.
Among sectors, Nifty Metal lost the most in opening trade, down 1 percent. Meanwhile, Nifty Auto and Nifty Realty also slipped 0.3 percent. Nifty Pharma, Nifty FMCG, and Nifty PSU Bank, on the other hand, gained in the morning deals.
ITC gained over 1 percent after the FMCG major's net profit rose 19 percent to Rs 3,482 crore (YoY) in Q4.
Sun Pharma gained over 4 percent after witnessing a 6 percent fall in yesterday's trade.
Globally, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 percent, touching its lowest level since February 15. Australian shares were down 1.2 percent while Japan's Nikkei stock index slid 1.9 percent. Both the Shanghai Composite and the blue-chip CSI300 opened down 1 percent.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng