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
Written By: ZeeBiz WebTeam
Updated: Tue, Jan 03, 2017
09:38 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
In chat with Anil Singhvi, analyst Vikas Sethi recommends Hikal, Biocon as top buys for big gains In chat with Anil Singhvi, analyst Vikas Sethi recommends Hikal, Biocon as top buys for big gains
Stocks in Focus - ACC, Bajaj Consumer, ICICI Prudential, Crisil, Alok Industries - Q4 results to be announced on Monday; stocks likely to remain in focus Stocks in Focus - ACC, Bajaj Consumer, ICICI Prudential, Crisil, Alok Industries - Q4 results to be announced on Monday; stocks likely to remain in focus
In chat with Anil Singhvi, Helios India CIO Dinshaw Irani says we are in bull market In chat with Anil Singhvi, Helios India CIO Dinshaw Irani says we are in bull market
SIP stock with Anil Singhvi: Market Guru gives 5 reasons why you should have this stock in your portfolio SIP stock with Anil Singhvi: Market Guru gives 5 reasons why you should have this stock in your portfolio

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.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.