Key benchmark indices trading mute in early morning trade .The BSE Sensex trading at 27269.83 up 13.19 points (0.05%) and NSE Nifty at 8416.95 down 0.05 points(-0.01%).
The Market breadth indicating the overall health of the market is flat .On NSE there are 25 shares in advance where 25 shares in decline. Total Unchanged 1 share.
BHEL, Tata Motors, Dr Reddy's, Adani Ports and Asian Paints are gainers while Axis Bank, GAIL, HUL, ITC, Sun Pharma, TCS are losers in the Sensex.
Cipla rose 0.3% after the company announced that its wholly owned subsidiary Goldencross Pharma has entered in to a definitive agreement to sell its 100% equity stake in Four M Propack Limited, India (Four M Propack) to Shriji Polymers (India) (Shriji Polymers) for a consideration of Rs 13.5 crore and an additional sum derived on the basis of the value of mutual funds, cash and bank balance, tax refunds, etc. at the time of closing estimated at around Rs 5.7 cr.
The Indian rupee slipped in the early trade. It has opened lower by 12 paise at 68.20 on Thursday as previous close of 68.08 against the US Dollar.