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Equity Indices open in red; Tata Motors surge with rise in sales

The shares of State Bank of India were trading at Rs 241.90 per piece.

Equity Indices open in red; Tata Motors surge with rise in sales
Consumer Durables sector was major gainer in early trades. Photo: Reuters
By ZeeBiz WebTeam
Updated: Tue, Jan 03, 2017
09:38 am
Mumbai, ZeeBiz WebDesk
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Equity Indices opened flat on Tuesday. BSE Sensex which opened marginally in red, at 0920 hours was trading at 26,524.03, down 71.42 points, or 0.27%. While, NSE Nifty was at 8,166.25, down 13.25 points, or 0.16%.

Sector-wise, banking sector was down 89.10 points, or 0.43%, after the private banks on Monday slashed MCLR rates. Consumer Durables sector was major gainer in early trades as it was trading 205.02 points up, or 1.80%. While, Auto sector was flat with 0.05 points up post the mixed sales number in the month of December.

On 30-share benchmark, among top gainers were Power Grid (1.20%), Tata Motors (0.90%), Dr Reddy's Lab (0.49%), Lupin (0.44%) and Asian Paint (0.43%). Among losers were Infosys (-1.55%), Hero MotoCorp (-1.28%), Wipro (-1.28%), HDFC (-1.01%) and Bajaj Auto (-0.90%).

The shares of State Bank of India were trading at Rs 241.90 per piece, down 0.70%, or Rs 1.70 on BSE, after the bank postponed the merger plans with five associates and Bhartiya Mahila Bank in the next fiscal.