Stock Markets were trading flat in the afternoon session on Thursday. BSE Sensex was down by 30 points at 19960 while NSE Nifty was trading with a loss of 11 points. Most of the heavyweight index stocks were trading flat.
Among major gainers in today’s session were PNB (trading 4.8% higher), HCL Tech (trading 3.8% higher), Ambuja Cements (up by 2%) and Aptech (trading with gain of over 11%). HDFC touched 52-week high of Rs 900 in today’s trading session.
Among major losers were Sun Pharma, Ranbaxy Labs, Axis Bank and NMDC. Standard Chartered has expressed positive sentiment about the earnings for fourth quarter from majority of Indian companies.
German car maker BMW’s Indian arm received Rs 650 crore showcause notice from Income Tax department.
Indian markets are expected to remain rangebound for today’s session. Asian markets closed mixed on Thursday.