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Flat start on D-Street! Nifty manages to hold 11,700; metals surge
Banks are trading mixed, as the Bank Nifty is trading lower by one-fifth of a percent, while the PSU bank index is up over half a percent
Shares of Jet Airways rose 3 percent on Wednesday morning as investors cheered the ‘liquidity support’ of USD 300 million that the firm received.
The stock touched an intraday high of Rs 302.70 and an intraday low of Rs 296.00.
The airline announced that it got USD 300 million in the form of advance lease incentives and borrowings from domestic banks, news agency PTI reported.
After days of positive openings, it is a flat start for equity benchmarks on this Wednesday morning, with the Nifty managing to hold 11,700-mark.
The Sensex is down 11.77 points or 0.03% at 38884.86, while the Nifty is lower by 10.70 points or 0.09% at 11727.80. The market breadth is positive as 518 shares advanced, 310 shares declined, while 59 shares were unchanged.
Banks are trading mixed, as the Bank Nifty is trading lower by one-fifth of a percent, while the PSU bank index is up over half a percent. Metals have further extended their gains from previous sessions. IT and pharma are witnessing some cooling off. Among broader markets, midcaps are higher by 0.25 percent.
Vedanta, State Bank of India, and GAIL are the top gainers, while Axis Bank, Coal India, and Lupin are the top losers. source- www.moneycontrol.com
The pre-opening rates indicate flat to a positive start for the market with Nifty trading above 11,760, while Sensex crosses the 30,000 level.
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