Sensex, Nifty, Midcap trade flat; Just Dial, Axis Bank most active
Equity benchmarks as well as broader markets continued to trade flat in morning due to lack of cues. Investors focussed on September quarter earnings as more than 200 companies will announce numbers today.
The 30-share BSE Sensex was down 14.16 points at 33,019.40 and the 50-share NSE Nifty fell 8.80 points to 10,216.20.
Bharti Infratel remained the most active stock on exchanges due to multiple block deals. Reports suggested that Bharti Airtel was likely to sell around 4 percent stake in the company.
Kotak Mahindra Bank, Just Dial, Axis Bank, SBI and Sun Pharma were other most active shares.
Metals and mining giant Vedanta has submitted a preliminary expression of interest (EoI) for Jaypee Infratech currently undergoing the Insolvency Resolution Proceedings (IRP).
The company has "submitted a preliminary non-binding Expression of Interest for submission of resolution plan of Jaypee Infratech Ltd under corporate insolvency process (CIRP)," Vedanta Ltd said in a BSE filing.
Share price of Havells India gained 1 percent in the early trade on signing pact with Hyundai Electric & Energy Systems.
Hyundai Electric & Energy Systems and Havells India announced the signing of memorandum of understanding (MoU) to mutually explore and supply low and medium voltage protection and switching devices, as per company release.
The second phase of BharatNet project with an outlay of Rs 31,000 crore and a mandate to provide high-speed broadband to all panchayats by March 2019 got off the block on Monday.
Additionally, the Department of Telecom requested all states to provide a list of unconnected villages so that all of them can be connected with telecom services by 2020.
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