Equity benchmark indices opened on a flat note amid weak global cues. The Narendra Modi-led government’s latest BPCL privatisation boost and mega telecom relief failed to lift sentiments.
Shares of ZEEL jumped 9% on the NSE after ~15cr shares or 15.61% equity shares of the company has changed hands in large trades on NSE at Rs304.
Zee, HCL Tech, L&T and Tech Mahindra were among the top gainers, while losers included Bharti Infratel, BPCL, Bharti Airtel and UPL.
The S&P BSE Sensex was trading 24 points lower at 40,627 levels, and the Nifty50 index is down 14 points at 11,985 levels.
On the sectoral front, the Nifty Media index surged 3% led by Zee, Music Broadcast and Zee Media were up in the range of 4-9% respectively.
Meanwhile, oil prices slipped as President Trump has not come out yet with strong announcement of the trade deal. Brent Crude was down 0.29% at 62.27 whereas West Texas Intermediate (WTI) crude was up 0.12% at $56.94.
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