Sensex, Nifty50 flat in trade; Texmaco rail surges 8%, Eros 4%
Stock Market Outlook: The S&P BSE Sensex started on a cautious note on Friday, led by losses in ITC, HDFC Bank, TCS, RIL, and L&T.
The Nifty50 came under pressure but was still trading above its crucial psychological support level of 7,650, supported by gains in IT, capital goods, consumer durable, and metal stocks.
Shares of Texmaco Rail surged over 8 percent while that of Eros International Media gained over 4 percent in early trade.
Asian Market Outlook: Most other Asian markets traded mixed. Japan's Nikkei traded higher by 1 per cent while the South Korean Kospi traded lower by 0.35 per cent. Hong Kong's Hang Seng index was down 0.8 per cent. China's Shanghai Composite was down 0.85 percent.
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