Market LIVE: Sensex, Nifty flat; metals outshine, private banks drag
Stock market live updates: The key benchmark indices opened lower on Thursday tracking weak global cues as oil prices are sharply higher near $120 a barrel. At open, the BSE Sensex fell 400 points at 57,300, while the NSE Nifty was at 17,130, lower by 115 points.
However, the indices erased losses in early trades and turned flat. The broader markets also gained to slip in green. The BSE MidCap and SmallCap indices were up to 0.6 per cent higher.
Among sectors, Nifty Banks, and Financials indices were the leading losers. On the other hand, Metal, and Energy packs were the top outperformers.
Within individual stocks, Zee Entertainment surged 15 per cent after its largest shareholder Invesco said it will not pursue an EGM to add six independent directors to Zee’s Board as it backed the merger between the company and Sony.
Kotak Bank, on the other hand, was the top loser on bourses, down over 3 per cent. Canada Pension Plan Investment Board (CPPIB) plans to offload up to 2.02 per cent stake in the private lender on Thursday
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