Markets: Mixed start ahead of Budget
Mumbai,: Sensex on Wednesday opened on a positive note amid hopes ahead of the first Union Budget in the Parliament on July 5 and soon entered the negative range.
The Sensex of the BSE opened at 39,907.57 and then touched a high of 39,908.47 and a low of 39,732.38.
The Sensex is trading at 39,776.60 down by 39.88 points from Tuesday’s close at 39,816.48.
On the other hand, the broader 50-scrip Nifty at National Stock Exchange (NSE) opened at 11,932.15 after closing at 11,910.30 on Tuesday.
The Nifty is trading at 11,897.20 points Wednesday morning.
Indian equity benchmarks fluctuated in the opening traded after the gains in Axis Bank and Asian Paints were offset by the losses in HDFC and Tata Consultancy Services.
Top gainers in the Sensex pack in early trade included Yes Bank, IndusInd Bank, Asian Paints, M&M, Axis Bank, NTPC and PowerGrid, while Vedanta, ONGC, HDFC, Tata Steel, ITC, TCS and HUL fell the most in the early trading session.
Investors are awaiting for the budget as the government could announce measures to ease liquidity and prop up demand in the slowing economy.
UNI.