As expected the National Stock Exchange (NSE) Nifty index opened on a flat note at the level of 10,122.35 from its previous closing level of 10,124.90. However, just after the opening it plunged and couldn’t sustain its opening level. Currently, it is trading near 10,045.45, 79.45 points down. (09:24 AM IST)
The top gainers among Nifty50 are GAIL India, Tata Motors, Dr Reddy’s, and SBIN, however, the top losers are Yes Bank, NTPC, Hindalco, and India Bulls etc.
On the other hand, the Sensex falls 150 points amid weak Asian cues. Nifty mid-cap index falls half a percent.
Update: The country’s largest private sector lender, ICICI Bank is likely to report a steep decline in the second quarter profit due to elevated provisions and weak treasury income.