Sensex continues to be flat with a negative bias, Nifty holds 10,600; Yes Bank up 2%
shares fell half a percent in the morning on Tuesday after global investment firm Deutsche Bank slashed price target to Rs 1,120 from Rs 1,130 earlier.
The research house also reduced its EPS estimates by 2/5 percent for FY19/FY20 as power and transmission & distribution segments growth should slow.It is a flat start for the market on Tuesday morning, with the Nifty holding 10,600.
Among sectors, IT and pharma are trading in the green, while metals have continued to be weak. The Nifty Midcap index is trading flat. source- www.moneycontrol.com
The Sensex is up 6.72 points or 0.02% at 35360.80, while the Nifty is lower by 8.90 points or 0.08% at 10619.70. The market breadth is positive as 282 shares advanced, against a decline of 135 shares, while 38 shares were unchanged. Oil markets opened cautiously on Tuesday, with many traders reluctant to take on large new positions ahead of the G20 gathering in Argentina this weekend and the OPEC meeting in Austria next week.
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