Market Update

Tuesday 5 March 2019

Market opens 50 pts lower, Nifty below 10,850; Eicher Motors slips

Market opens 50 pts lower, Nifty below 10,850; Eicher Motors slips

Shares of Tata Motors gained over 2 percent in the early trade on Tuesday despite the company reported a weak set of sales numbers for the month February 2019. Benchmark indices opened marginally lower on Tuesday with Nifty below 10,850 level.
The Sensex is down 99.39 points at 35964.42, while Nifty is down 32.10 points at 10831.40. About 559 shares have advanced, 277 shares declined, and 90 shares are unchanged. 
Vedanta, Axis Bank, Power Grid, Coal India, HPCL, BPCL, are among major gainers, while losers include Eicher Motors, L&T, Wipro, Bajaj Auto, Tech Mahindra, Bharti Airtel and Yes Bank The Indian indices are trading higher in the pre-opening session with Nifty around 10,900 level.
The Sensex is up 94.77 points at 36158.58, while Nifty is up 35.40 points at 10898.90. source- www.moneycontrol.com
Gail, Hero Moto, Eicher Motors are among major losers, while Tata Motors is trading higher in the pre-opening. Wall Street's major indexes fell on Monday, weighed down by a weak US construction spending report and declines in healthcare shares, as an initial rally on optimism over a US-China trade deal faded. Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States, Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 18  points or 0.17 percent. Nifty futures were trading around 10,829-level on the Singaporean Exchange.

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