Benchmark Indices Edge Lower Due To Profit-Booking

The benchmark indices Sensex and Nifty were seen trading in a negative zone due to profit booking in the early morning trade. Besides, the investors are really cautious due to the ongoing political unrest in the global market. The markets are trading flat ahead of five day holiday in the market due to which the traders and investors are covering their position. The 30-share Sensex was trading down by 33 points at 26604 and 50-share Nifty was down by 13 points at 7951. However, the BSE mid-cap and small-cap indices were seen trading in a positive territory with the mid-cap index being up by 0.13% and the small-cap index was up by 0.19%.

Tracking the momentum of sectoral indices, BSE IT was the top sectoral gainer, up by 1.71%. Among the gainers in today's trade, the rally was led by Wipro which was up by 2.36% after the government approved the permission to set up a Special Economic Zone. IVRCL was up by nearly 6% after the company has put up Rs 4000 crore worth assets to come out of debt burden. Gammon Infrastructure was up by 10% after the ICICI mutual fund bought 5.3 million shares as per the stock market disclosure. Among the losers, Jindal Steel and Tata Steel were down by 3.10% and 2.43% respectively.

Further a mixed trend was seen in the Asian markets. Japan's Nikkei and Hong Kong's Hang Seng was seen trading down by 0.27% and 1.28%. However China's Shanghai was marginally up by 0.26%.