Sensex Opens Flat, Tata Motors fell around 8% on Poor Q3 Results

share market downEquity Benchmark indices opened the trading day on a flattish note tracking strong Asian markets after the US Fed Reserve Chairperson Janet Yellen hinted a possible rate hike in the forthcoming policy review. However, at 10:25 am, the BSE Sensex was trading at 28,300, down 40 points, while the broader Nifty50 was ruling at 8,784, down 8 points. In the broader market, BSE Midcap and BSE Smallcap gained 0.07% and 0.08% respectively.

GAIL, ONGC, RIL and HDFC Bank were top gainers while Tata Motors, NTPC and Infosys were the top losers. Tata Motors fell around 8% on their poor Third quarter results.

Meantime, Asian stocks rose early today as Wall Street set record highs overnight after Fed Reserve Chair person Janet Yellen spoke in favour of an interest rate hike in the coming month, while the dollar hovered near three-week highs.