Share Market Tips: Market opens flat with negative bias, Nifty below 10,750; ONGC gains 3%
The share price of Kridhan Infra surged more than 8 percent in the early trade on Friday after company bagged an order in Singapore.
Company's Singapore based 100% subsidiary KH Foges Pte. has been awarded a new order in Singapore worth S USD 36 million (Rs 187 crore). Benchmark indices started on a flat note on Friday with Nifty trading below 10,750 marks.
The Sensex is down 32.22 points at 35844.00, while Nifty is down 18.30 points at 10727.70. About 332 shares have advanced, 515 shares declined, and 41 shares are unchanged.
Power Grid, BPCL, L&T, IOC, Axis Bank, ONGC, are among major gainers, while losers are Eveready, JK Tyre, Yes Bank, Nestle, Jet Airways, JSW Steel, UltraTech Cement, Hero Moto, Sun Pharma, HDFC and Vedanta.
Among sectoral indices, except energy and infra all other indices are trading in the red. Benchmark indices are trading higher in the pre-opening session on Friday with Nifty above 10,750 level.
At 09:01 hrs IST, the Sensex is up 106.93 points or 0.30% at 35983.15, and the Nifty up 30.70 points or 0.29% at 10776.70.
Yes Bank, Zee Entertainment are among major gainers, while JSW Steel is trading lower in pre-opening trade. Wall Street struggled to reverse early losses on Thursday as an unexpected drop in retail sales dampened investor hopes for progress at the ongoing US-China trade talks in Beijing.
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