Nifty, Sensex pare gains to turn red, Top stock advisory company in Indore

free stock tips The market in the New Year started on a flattish note with Sensex falling over 107 points, and Nifty below 8100. At 10.15 am, the BSE Sensex was trading at 26,518, down 107 points, while Nifty50 was ruling at 8,156, down 29 points.

Among broader markets, BSE Midcap outperformed 0.8% while BSE Smallcap was trading 0.54% higher. About 334 shares have outperformed, 72 shares declined, while 3221 shares were unchanged.

Lending interest rate cuts by the two biggest PSU banks and Narendra Modi’s announcement of new concession s to boost low-cost housing prior to the Union Budget shaped the sentiment.

Modi  announced an array of incentives to the poor, farmers, women and small businesses on Saturday in his New Year’s address, and defended his new decision to abolish high denomination bank notes.

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