Mumbai, Jan 1
The domestic benchmark indices opened flat on Wednesday as selling was seen in auto, PSU bank, financial service, pharma and metal sectors on Nifty.
At around 9:35 am, Sensex was trading at 78,054.12 after declining 84.89 points or 0.11 per cent, while the Nifty was trading at 23,617.55 after declining 27.25 points or 0.12 per cent.
The market trend remained positive. On the National Stock Exchange (NSE), 1,538 stocks were trading in green, while 621 stocks were in red.
According to market experts, the New Year began on a sombre note for the Indian equity market.
“The near-term trend appears weak with the macro construct dominated by weak GDP and earnings growth,” they added.
Nifty Bank was down 46.65 points or 0.09 per cent at 50,813.55. Nifty Midcap 100 index was trading at 57,270.40 after rising 70.95 points or 0.12 per cent. Nifty Smallcap 100 index was at 18,831.55 after rising 62.35 points or 0.33 per cent.