Live Stock Market Tips: Market opens flat, Nifty around 10,800; Tata Motors up 1%

Sensex opens flat, Nifty around 10,800; Tata Motors up 1%

Shares of Ashok Leyland gained 2.7 percent in the early trade on Thursday as company bagged an order to provide buses from state transports.

The company bagged orders from IRT (Institute of Road Transport, Chennai), UPSRTC (Uttar Pradesh State Roadways Transport Corporation) and CTU (Chandigarh Transport Undertaking) for 2580 buses. The share price of Delta Corp fell 2 percent in the early trade on Thursday despite company reported better numbers for the quarter ended December 2018 (Q3FY19).

Company's Q3 profit was up 13 percent to Rs 50.53 crore versus Rs 44.74 crore, revenue increased 27 percent to Rs 205.81 crore versus Rs 162.17 crore, YoY, It is a mildly lower start on the benchmarks on Thursday morning, with the Nifty above 10,800-mark.  

The Sensex is down 49.87 points or 0.14% at 36163.04, and the Nifty down 20.30 points or 0.19% at 10834.90. The market breadth is negative as 312 shares advanced, against a decline of 376 shares, while 37 shares were unchanged.

Consumption and metal names are trading higher, while pain is visible among banks and pharmaceuticals, among others. The Nifty Midcap index is trading flat. 

Tata Motors and NTPC are top gainers, while IndusInd Bank, Axis Bank, Bharti Infratel and HPCL lost the most.  Benchmark indices have opened mixed in pre-opening trade. 

The Sensex is up 52.92 points or 0.15% at 36265.83, and the Nifty down 68.90 points or 0.63% at 10786.30.

The Indian rupee opened flat at 70.46 per dollar on Thursday against previous close 70.46.

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