Index Trade Flat, Stocks To Watch Out In Trade

Key benchmark indices – Sensex and Nifty- are flat in the pre-opening trade Friday led by weak global signals, after major Asian stocks traded lower and global markets remained muted. The BSE Sensex is up 13.52 points at 35943 levels, and the Nifty up 2 points  at 10793-levels around 9.45 am

Yes bank, HCL Technologies, UPL, HeroMoto Corp and Hindustan Unilever were among major losers in the Nifty50, while IOC, Bharti Airtel, Ultratech, Grasim were moderately gain in trade.

HCL Tech’s downtrend which is 1.48% lower is attributed as JP Morgan has downgraded the stock to neutral from overweight.

All Sectoral indices on the NSE, except Nifty realty and Nifty IT, are trading in the red.

Indian Oil Corp shares trade higher 2.47 percent after its board approves buyback of shares at Rs 149 per share and declares a dividend of Rs 6.75 per sahre.

The domestic currency rupee is trading at 71.75 per US dollar up by 5 paise from its opening rate.