Sensex, Nifty opens flat; Bharti Airtel slips

The Indian benchmark indices opened positive in the opening trade today amid profit booking and tracking positive Asian trend and was trading flat during morning sessions.

Bharti Airtel, largest telecom's shares plunged after it reported fall in net profit of 1.5%. The shares of the company were trading lower at Rs 364.90 down by 14.05 points or 3.71%.

At 10.00 am IST, the 30-share BSE Sensex was trading at 17647.05 up by 24.60 points or 0.14% and NSE Nifty was trading at 5341.95 up by 6.80 points or 0.13%.

In Asia, most of the markets were trading in positive terrain terrain, the Nikkei 225 up by 94.06 points and was at 9011.12. The Hang Seng was up by 122.87 points and was at 20,822.90. Shanghai was up by 8.69 points and was trading at 2,300.17.

Asian shares surged highest in five months as investors confidence was alive on Greek bailout package even after it was postponed further.

Among sectoral indices on BSE, most of sectors were trading in positive terrain. Realty, Consumer Durables, IT, Oil and gas were leading the rally.

While on the losing side, the sectors failed to lure investors were Bankex, Health Care, Auto.

On the National Stock Exchange (NSE), the top volume gainers were Reliance Infra, reliance Power, DLF, TCS and JP Associates posted gains between 2.22%-3.51%.

Losers in the morning trade were Bharti Airtel, ICICI bank, Dr Reddy, Tata Motors and ACC.

GoodReturns.in