MARKET LIVE: Sensex flat, Nifty around 12,100; PSBs, pharma stocks drag

Benchmark indices had been trading flat with a detrimental bias on Monday, dragged down by banking…

Benchmark indices had been trading flat with a detrimental bias on Monday, dragged down by banking shares uncovered to telecom operators just after the federal government requested mobile carriers to right away fork out the altered gross revenue (AGR) dues.

The S&P BSE Sensex was trading at forty one,240 levels with ONGC (down three%), NTPC, Condition Bank of India, and Sunlight Pharma (all down 1%) remaining the best laggards. On the other hand, Titan and IndusInd Bank obtained 1 for each cent just about every.

On the NSE, the broader Nifty50 index was trading close to the twelve,100 level, down 16 factors, or .13 for each cent.

Vodafone Concept zoomed 19 for each cent in the opening specials just after it announced on Saturday evening that it would fork out its dues linked to altered gross revenue (AGR) in the following couple days just after assessing the quantity. Browse MORE  

On the sectoral front, the Nifty PSU Bank index slipped around 2 for each cent and the Nifty Pharma index was also down .nine for each cent. 

In the broader market, the S&P BSE MidCap index declined 50 factors, or .32 for each cent and the S&P BSE SmallCap was quoting .6 for each cent lower at 14,600 levels.