Market Live: Indices start the day on a flat note with Nifty below 10,750; PSU banks in focus

Trends on SGX Nifty indicate a negative opening for the broader index in India.

It is flat start for the benchmark indices on Thursday with Nifty hovering around 10,750 mark


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The Sensex is up 7.59 points at 35763.85, while Nifty is down 5.30 points at 10730.20. About 428 shares have advanced, 333 shares declined, and 42 shares are unchanged. 

Tech Mahindra, Allahabad Bank, ICICI Bank, SBI, Indiabulls Housing, are among major gainers, while losers are Reliance Power, BPCL, HPCL, IOC, Bharti Airtel, Vodafone Ida, TCS and Yes Bank,

The Indian rupee opened marginally higher at 71.07 per dollar on Thursday versus previous close 71.11.

Indian indices are trading firm in the pre-opening session with Nifty above 10,750.

At 09:01 hrs IST, the Sensex is up 109.50 points or 0.31% at 35865.76, and the Nifty up 16.50 points or 0.15% at 10752.

Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 24.50 points or 0.23 percent. Nifty futures were trading around 10,742.50-level on the Singaporean Exchange.

Asian shares held near 4-1/2-month highs on Thursday after US Federal Reserve minutes affirmed it would be "patient" on interest rate rises and risk assets got a lift from hopes of further progress in US-China trade talks.

US stocks ended higher on Wednesday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the US central bank would be "patient" with respect to further interest rate hikes.

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