Amidst mixed trend of Asian markets, the Indian stock market opened flat on Monday (July 21) on the first day of the week. The BSE Sensex opened 12.1 points or 0.01 percent to 81,769.83. NSE Nifty 50 opened at 25,958 with a slight decline of 9.65 points from its previous bandh. The benchmark index Sensex and Nifty are expected to be affected by several factors today. These include the first quarter result, the June infrastructure production figures, FII trends and indications from global markets.
Top profit and loss
Among the Sensex companies, Reliance Industries (RIL), Axis Bank, Mahindra & Mahindra, Titan and Adani Ports are trading the most declining shares. While HDFC Bank, Tata Steel, ICICI Bank, Ultra Cement are trading.
In early trade in broad markets, the Nifty Midcap 100 index was 0.3 percent and the Nifty Smallcap 100 index below 0.2 percent. At the regional level, the Nifty PSU bank, auto, energy, pharma, IT and FMCG index declined. While Nifty Banks, Financial Services, Metal and Realty Index were trading in green mark in early trade on Monday.
What indication global market
On Monday, the Asian markets were mixed. Investors were assessing the major policy indications coming from China and keeping an eye on the new business developments. People’s Bank of China kept its benchmark prime rates unchanged as expected to promote economic growth. One -year LPR remained at 3 percent. While the five -year LPR used for morgase remained at 3.50 percent.
Meanwhile, South Korea’s Kospi Index rose 0.49 percent. While ASX 200 fell 1 percent. Japan’s stock market remained closed today due to Marine Day. In the early hours in Asian markets, American equity futures closed with a decline. Investors ignored business rhetoric and focus on the results of major technology companies this week. S&P 500 futures increased 0.06 percent, Nasdaq 100 futures 0.08 percent and Dow Jones Industrial Average futures increased by 24 points or 0.05 percent.
