Nifty trades flat with positive bias, Adani Ent top gainer: Market snippet

By Malvika Gurung

Investing.com — Indian market indices made a flat opening and traded flat in Monday’s intraday session, tracking negative cues from Asian peers, while heavyweight players including Adani Enterprises (NS:) and Cipla (NS:) extended support.

Benchmark indices traded flat with a positive bias at 18,683.9 levels, while dipped 1.5 points to 62,977.9 levels at 12:10 pm. The market fear barometer jumped 6.14% to 11.92 levels during the session.

Sectoral indices listed under the Nifty umbrella traded mixed, while gains led by and extended support, while contributed to the vigor. was flat.

, on the other hand, retreated the most on the sectoral pack, dipping 0.5% at the time of writing.

Broader market indices and outperformed the headlines, rising up to 0.5% each on Monday.

On the Nifty50 pack, state-owned behemoths NTPC (NS:), Coal India (NS:), PowerGrid Corporation (NS:) and Bharat Petroleum (NS:) exerted pressure.

The brokerage stock ICICI Securities (NS:) jumped 15% and hit a new 52-week high on Monday following announcements of the parent firm ICICI Bank (NS:) considering a proposal to delist the company in a Board meeting this week.

On the flip side, shares of India’s leading cement producer Shree Cement (NS:) cracked 10% and hit a fresh multi-month low during the session after a report of the company evading Rs 23,000 crore in taxes, claiming to be the biggest tax evasion to date.