INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Headline indices Sensex and Nifty kicked-off Wednesday's session on a firm note amid positive global cues
However, minutes later, the indices pared gains and were trading flat
At 09:20 am, the SP BSE Sensex was trading 20.65 points higher at 37,693.55
Coal India (up 1 per cent) was the top index gainer and Infosys (down nearly 1 per cent) the worst laggard
The NSE's Nifty50 pack was trading 10.65 points higher at 11,400, with 35 components in the green and 15 in the red
"Overall outlook for the markets continue to look good and fund flows from domestic investors continue to remain stable
However, concerns of global trade wars and sanctions on Iran may be a cause of worry for the short term," said Hemang Jani, Head - Advisory,
Sharekhan by BNP Paribas.
Among specific stocks, shares of Inox Leisure climbed as much as 6.18 per cent after the Maharashtra government in
an affidavit in the Bombay High Court on Monday said it does not deem it necessary to interfere with the ban on outside food in multiplexes,
as it may create "chaos" or "security issues"
At 09:27 am, the stock was trading 7.41 per cent higher at Rs 242.20 apiece on BSE.
PVR rose 4.43 per cent to Rs 1,281 apiece on BSE
In the sectoral landscape, media stocks advanced the most, followed by metals
At 09:29 am, the Nifty Media was trading 1.61 per cent higher at 2,963.25, with 11 constituents in the green and 4 in the red
Volatility index India Vix rose 1.47 per cent to 12.76.
On the global front, Asian shares rose in the early trade on the back of firmer
Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-US
trade dispute, Reuters report said
