Sensex, Nifty open flat; Tata group stocks fall on Mistry’s exit

Tata Motors The Stock Market opened today in red with focus in Tata Group stocks. The Sensex downs 24.28 points at 28,154.80 and the Nifty down in 2.35 points at 8,706.60. About 615 shares advanced, while 309 shares declined, and 59 shares are untouched.

Tata Steel is down over 3% while Tata Motors and TCS are slipping over 1%. Reacting to disappointing Q2 results, Idea is down 3%. ICICI Bank, Adani Ports, Cipla, GAIL & Maruti are top gainers in the Sensex.

The USD hovered near a roughly 9-month high against a basket of major currencies and touched a one-week high against the yen under growing expectations of a Federal Reserve interest rate increase in December. Asian shares edged higher among global markets, while the dollar kept firm as upbeat US earnings boosted Wall Street & factory surveys in the US and Europe boasted their best readings so far this year.

Leave a Reply

Your email address will not be published. Required fields are marked *