Key benchmark indices trading in range bound manner in early trade .The Sensex trading at 28161.99 up 7.39 points (0.03%) and NSE Nifty at 8724.70 down 1.75 points(-0.02%).
The Market breadth indicating the overall health of the market is positive .On NSE there are 29 shares in advance where 22 shares in decline. Total Unchanged 0 share.
Sunpharma, TechM ,Infy, Sbin and TCS are gainers while ICICIBank, Zeel ,Dr Reddy, Adani Ports and Bhel are losers in the Sensex.
SBI rose 1.56% the Cabinet has approved the proposal for merger of State Bank of Bikaner & Jaipur, State Bank of Mysore, State Bank of Travancore, State Bank of Patiala and State Bank of Hyderabad with SBI.
The Indian rupee opened flat at 66.94 on Thursday as previous close of 66.90 against the US Dollar.