Benchmark
equity indices opened flat on Tuesday and turning downwards in the late morning
deals, with banking stocks providing some support.
PSU
bank stocks rose after the Reserve bank on Monday announced that lenders
could spread bond trading losses over four quarters
At
11:40 AM, the BSE Sensex was trading at 33,190.88, down 64.48 points,
while the Nifty50 index was trading at 10,187.25, down 24.55 points. The
BSE Midcap was trading up 0.23% and the Smallcap was up 0.30% each.
Shares
of Motherson Sumi Systems were trading up over 3.94% after the company
said it has agreed to acquire Reydel Automotive Group for USD 201 million.
Shares
of HPCL (+2.42%), Indiabnulls HF (+2.10%), Yes Bank (+2.07%), IndusInd (+1.96%),
Lupin (+1.58%) were the top gainers on Nifty50.
Shares
of TechMahindra (-3.45%), Wipro (-2.18%), Grasim (-1.62%), Adani Ports (-1.49%)
and Eicher Motors (-1.43%) were the top losers at this point.
The
Indian rupee opened higher at 65.08 against US dollar against its previous
close of 65.18.
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