Wednesday, 10 January 2018

Sensex, Nifty trade flat; Welspun India stock jumps 12%@Highlight

Benchmark indices opened on a subdued note, tracking weakness in other Asian equities. Losses, however, were limited by gains in shares of metal, fast moving consumer goods and pharmaceutical companies, which rose 0.3-0.5%.

The BSE Sensex was trading at 34,471, up 29 points, while the broader Nifty50 was ruling at 10,640, up 7 points.

Shares of telecom companies gained today after Telecom Commission on Tuesday agreed with Telecom Regulatory Authority of India's recommendation to raise spectrum holding limit for mobile operators.

Shares of Reliance Communications soared nearly 4% today on report that Reliance Jio Infocomm may buy the company's unsold airwaves.

Shares of Spice Mobility rose 3% after a subsidiary divested stake in Sunstone Eduversity.

The BSE Mid-cap and BSE Small-cap indices were up 0.16% and 0.26%, respectively.

Volatility index India VIX gained 1.20%.



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