As expected the National Stock Exchange (NSE) Nifty50 index opened flat to negative in today’s trading session where it opened at the level of 10,740.10 from its previous close of 10,76340. Currently, it is trading near the level of 10,719.15 (09:21 AM IST)
It is not only the Nifty that slips below 10,750 but the BSE-Sensex is also 100 points down. The top gainers among Nifty50 are GAIL India, Hindustan Petroleum, Bharat Petroleum, Eicher Motors, and IndusInd Bank, however, the top losers are Yes Bank, India Bulls, Tech Mahindra, HCL Technology, and JSW Steel etc.
Both indices started the day on a flat note.
Update: Oil prices were stable on Tuesday in the expectation that OPEC will soon cut supply to prevent oversupply amid slowing demand growth.