Markets open lower, Stock in focus today
Markets open lower, Stock in focus today
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Indian share market resumed trade post a holiday and have begun the trading session on a subdued note. At the start, traded weak by as much as 0.47 pc on the Sensex at 48120, while Nifty was also dragged by the same scale to 14178. This is even as the IMF gave a robust growth forecast.

Major gainers in early trade on the Nifty include HCL Technologies, Tech Mahindra, Adani Ports, SBI Life Insurance and Eicher Motors while losers were Tata Motors, JSW Steel, Reliance, Asian Paints and Tata Steel. Among the sectoral indices, the FMCG index opened 0.4 pc higher ahead of the results of Hindustan Unilever, Marico and United Spirits.

The Auto index opened 0.2 pc lower as did the PSU Bank index. Other sectoral indices were flat at the start of trade.

Broader markets too opened little changed. The Smallcap index opened at levels similar to Monday's closing while the Midcap index opened 0.1 pc lower.

Asian indices at the time of writing this copy were trading firm with Nikkei, Straits Times and Hang Seng all up in trade. Globally there has been mixed sentiment owing to delay in vaccine shipment, rising coronavirus cases and an escalation in US-China rift.

The companies reporting results today include Axis Bank and Hindustan Unilever, along with key non-Nifty stocks like Emami, Marico, India Cements, United Spirits, ICICI Prudential and Jyothy Laboratories, among others.

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