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Indices open flat in morning session, banking stocks gain marginally

Mumbai (Maharashtra) [India], Feb 21 : Equity benchmark indices jumped between gains and losses in the morning session on Thursday with banking stocks showing some gains. All sectoral indices were in the green with banking scrips rising followi...


Indices open flat in morning session, banking stocks gain marginally

Published On: February 21, 2019 00:01:19 AM

Mumbai (Maharashtra) [India], Feb 21 : Equity benchmark indices jumped between gains and losses in the morning session on Thursday with banking stocks showing some gains. All sectoral indices were in the green with banking scrips rising following reports that the government will inject Rs 48,239 crore into 12 public banks to boost credit growth. At 11:15 am, the BSE Sensex was up 29 points at 35,786 while the Nifty 50 was trading 10 points higher at 10,746. Among stocks, ICICI Bank, Indiabulls Housing Finance, GAIL and Sun Pharmaceutical were the top gainers. On the other hand, Infosys, Bharti Airtel and HPCL were among losers. In currency markets, Indian rupee opened marginally higher at 71.07 against the dollar compared to the previous close of 71.11 due to easing crude oil prices in global markets. Meanwhile, Asian stocks were also trading higher amid optimism over on-going trade talks between the United States and China. US officials believe the negotiations have gone well so far and President Donald Trump is open to extending the March 1 deadline to complete negotiations.

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