After a two-day rally, benchmark indices opened flat as traders were waiting for more corporate income. At 39,137.98, the BSE Sensex was up 6.94 points and the Nifty dropped 1.50 points to 11,661.10.
Shares in KNR Constructions rallied 4 percent intraday after Navayuga Engineering received a work order from the business. Company in its July 16 BSE filing said Navayuga Engineering Company Limited, Hyderabad, has obtained a work order for Rs 847.34 crore.
Nifty index could continue its momentum towards the ' 20 DEMA ' which is positioned around 11,700 while a follow-up move above the same should lead to a continuation of this upswing towards the hourly ' 200 SMA ' and the latest gap region at 11,770-11,800.
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