Market Update: Index Start The Day On Lower Note

Indian Markets start on flat note on Thursday with Nifty trading above 11,060 level. Asian stocks were mixed with global growth concerns and US equities fell back.

The Indian rupee appreciated by 30-ps to 69.98 against Greenback today amid fall in crude oil prices and weak Asian equities.

At 10.00 AM, the BSE Sensex was trading at 36,674-mark  up 38-pts while the Nifty50 of NSE was ruling at 11051, down 1.6-pts.

HPCL, Bharti Infratel, PowerGrid, Gail India are major gainers at this point, while losers include Vedanta,  Indiabulls Wipro, IOC and  JSW Steel.

Among sectoral indices, the Nifty Metal index was trading 1.36% lower with Vedanta and Hindustan Copper being the top losers. The Nifty Auto index also was trading 0.58% lower weighed by Motherson Sumi and TVS Motors.