flat start in stock market

Mumbai:

The stock market started on a flat note on Wednesday.

In the morning trade, both the indices are trading in the green mark at 9.30 am.

Sensex was trading up 127 points at 60285 while Nifty was trading up 50 points at 17772. 

The trend of growth in the stock markets continued for the eighth consecutive trading session on Wednesday.

Local markets opened with a strong trend amid firmness in other Asian markets and steady inflow of foreign funds.

The market sentiment also turned positive due to buying in shares of big companies like Reliance Industries, HDFC Bank, HDFC and Tata Consultancy Services.

BSE's 30-share Sensex gained 92.29 points to reach 60,250.01 points in early trade.

Similarly, the National Stock Exchange's Nifty rose by 51.35 points to reach 17,773.65 points.

Reliance Industries, HDFC, HDFC Bank, Titan and UltraTech Cement were among the gainers in Sensex companies.

At the same time, shares of IndusInd Bank, Nestle and Hindustan Unilever were in loss.

Let us tell you that in the seventh consecutive trading session on Tuesday, the trend of boom in the local stock markets continued and the BSE Sensex jumped more than 311 points and crossed the 60,000 mark.

The market was supported by good buying in metal, bank and financial stocks amid a rise in global markets and continued foreign capital inflow.

The 30-share Sensex closed at 60,157.72 with a gain of 311.21 points, or 0.52 percent.

At one point during the trading, it had climbed up to 421.17 points.

The National Stock Exchange's Nifty also closed at 17,722.30 points with a gain of 98.25 points, or 0.56 percent.

Among the companies included in the Sensex, Kotak Mahindra Bank, Tata Steel, ITC, ICICI Bank, Bajaj Finserv, Maruti Suzuki, Mahindra & Mahindra and State Bank of India were major gainers.

On the other hand, Tata Consultancy Services, Infosys, HCL Technologies, Tech Mahindra, Asian Paints, Wipro and Tata Motors were among the losers.