Nifty Bank breaches 41,000-mark; Nifty50, Sensex trade negative
Equity benchmarks Nifty50 and S&P BSE Sensex opened flat on Monday. After hitting record high of 40,587.35 on Friday, Nify Bank continued the stellar show as it opened at new high of 40,961.25. The banking index was trading 40,565.60, up 240 points.
Aided by ICICI Bank, Axis Bank and RBL Bank, which rose nearly between 1 % to 9 % in the eraly hours trade, Nifty Bank clocked 41,000-mark for the firs time ever. Meanwhile, benchmark indices Nifty50 and Sensex traded lower. Nifty was trading down over 100 points, while Sensex lower nearly 300 points at 18,008.65 and 60,522.99 respectively.
Earlier in the Market open....
Equity benchmarks Nifty50 and S&P BSE Sensex opened flat on Monday. Nifty opened at 18,229.50 and Sensex started the fresh day of the week on 61,398.75. In the Sensex pack, ICICI Bank is the top gainer with nearly 8% gain over the closing price in the previous trade. After hitting record high of 40,587.35 on Friday, Nify Bank continued the stellar show as it opened at new high of 40,961.25. The banking index was trading 40,565.60, up 240 points.
ICICI Bank, Axis Bank and ONGC were top gainers on Nifty50, while Asian Paint, Tata Motors dragged the index the most. ICICI, Axis Bank remained topper on BSE Sensex chart too. Sesex saw 9 shares advancing, 21 declining in the opening hours.
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In the pre-open session, 24 shares advanced on Sensex as the 30-share index opened over 500 points up before market opening hours.
Meanwhile, the Asian markets were trading mixed on Monday. Japanese Nikkei 225 index were down over 300 points to 28,498, losing more than 1 per cent in the early trade around 8.10 am. Around the same time, Hong Kong's Hang Sang Index was up 32 points at 26,140 and Shanghai composite Index gained 7 points on Monday morning
Earlier, Nifty futures were trading flat at 18,160 levels around 9.10, hinting at a cautious start for Sensex and Nifty.
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