Flat end for D-Street, Nifty manages to hold 10,900; auto stocks rally

CNBC

Market at Close: Equities have ended the session on a flat note, with the Nifty closing above 10,900-mark. 

Barring automobiles, weakness was visible among all sectoral indices, with pain visible among energy, consumption, infrastructure, and metals space.  The midcap index fell nearly a percent. 
At the close of market hours, the Sensex was up 34.07 points or 0.09% at 36616.81, and the Nifty up 22.10 points or 0.20% at 10934.40. The market breadth was negative as 852 shares advanced, against a decline of 1679 shares, while 146 shares were unchanged.
Hero MotoCorp, IndusInd Bank, Zee Entertainment and Titan were the top gainers, while Tata Motors, Coal India, and Tata Steel lost the most. 
Market Update: Benchmark indices are trading higher with Nifty around 10,950 level. 
At 12:14 hrs IST, the Sensex is up 93.28 points at 36676.02, while Nifty is up 33.20 points at 10945.50. About 848 shares have advanced, 1318 shares declined, and 118 shares are unchanged.
Buzzing: Shares of IRB Infrastructure Developers slipped 8 percent despite company posted 5.5 percent jump in its third quarter (Q3FY19) net profit at Rs 218.9 crore against Rs 207.3 crore in a year ago period. Citi has maintained sell call on the stock and cut target to Rs 139 from Rs 185 per share.
Gold Update: Gold prices on Tuesday held near one-week lows touched in the previous session, pressured by a firmer dollar and as investor appetite for riskier assets improved in the wake of strong US economic data.
Buzzing: Shares of Bharti AIrtel are down over 4 percent as investors turned cautious of a ratings downgrade. Moody’s Investor Service has downgraded the company to junk rating, BloombergQuint reported, based on concerns that cash flow could continue to be under pressure. 
Market Opens: Benchmark indices are trading flat with Nifty holding above 10,900 level.
At 09:17 hrs IST, the Sensex is up 27.16 points at 36609.90, while Nifty is up 13.40 points at 10925.70. About 336 shares have advanced, 455 shares declined, and 43 shares are unchanged.
JSW STeel, Bharti Airtel, Tata Steel, are trading lower, while gainers include Dr Reddy's, Hero Moto, Eicher, UPL, Bajaj Finance, Bajaj Auto, Tech Mahinrda and Yes Bank.
Market at pre-open: Indian indices are flat in the pre-opening trading with Nifty trading around 10,900 level.
At 09:05 hrs IST, the Sensex is up 2.40 points at 36585.14, while Nifty is up 10.70 points at 10923.00.
Bharti Airtel is down 3 percent, while Mishara Dhatu, Tech Mahindra, Titagarh Wagons are trading higher in pre-opening session.
Wall Street ends higher: Wall Street gained on Monday, with all three major indexes closing near session highs as sustained optimism on the prospects for US-China trade relations propelled technology shares.
SGX Nifty: Trends on SGX Nifty indicate a flat start for the broader index in India, a gain of 18.50 points or 0.17 percent. Nifty futures were trading around 10,966.50-level on the Singaporean Exchange.
Asian markets trade higher: Recent US data and the Federal Reserve's dovish turn kept lifting Asian stocks early on Tuesday, while the dollar held the upper hand against its rivals.