Stock Market: Stock market opened flat due to mixed global signals, buying in pharma sector

Mumbai, 16 February. The Indian stock market opened flat on Monday amid mixed global signals. At 9:21 am, Sensex was at 82,605 with a slight weakness of 21 points and Nifty was at 25,473 with a gain of 2 points. In the initial business, pharma and healthcare were sharing the work of handling the market. Nifty Pharma and Nifty Healthcare were the top gainers among the indices. Apart from this, Nifty Realty, Nifty Energy, Nifty Consumer Durables, Nifty Private Bank and Nifty PSE were also in the green.

On the other hand, Nifty Media, Nifty PSU Bank, Nifty Metal, Nifty IT, Nifty Financial Services, Nifty Commodities, Nifty Services and Nifty India Defense were in the red. Power Grid, NTPC, HDFC Bank, Sun Pharma, Bajaj Finserv, Maruti Suzuki, ITC, Eternal, Kotak Mahindra Bank, M&M, HCL Tech and Bharti Airtel were the top gainers in the Sensex pack. Infosys, SBI, Tech Mahindra, HUL, Titan, UltraTech Cement, TCS, Asian Paints, ICICI Bank, Bajaj Finance and Trent were in the red.

Compared to largecaps, midcaps and smallcaps were trading in the red. The Nifty Midcap 100 index was at 59,234 with a weakness of 203 points or 0.34 per cent and the Nifty Smallcap 100 index was at 16,953 with a weakness of 79 points or 0.47 per cent. Mixed trading is taking place in international markets. Tokyo and Bangkok were in the red, while Hong Kong markets were in the red. US markets also closed mixed on Friday, with the Dow up 0.10 per cent and the Nasdaq down 0.22 per cent.

Among the commodities, crude oil remains bullish. Till the time of writing the news, Brent crude was up by 0.10 percent at $ 67.80 per barrel and WTI crude was up by 0.09 percent at $ 62.80 per ounce. At the same time, a decline has been seen in gold and silver. Gold was at $ 5,002 an ounce with a weakness of 0.80 percent and silver was at $ 75.11 an ounce with a weakness of 3.61 percent.