Stocks in this space are reacting to the merger proposal by the government for three banks that was announced on Monday evening.
Equity benchmarks have continued to trade flat, with the Nifty trading below 11,400.
The Sensex is up 23.19 points or 0.06% at 37608.70, and the Nifty up 3.20 points or 0.03% at 11381.00. The market breadth is positive as 969 shares advanced, against a decline of 636 shares, while 96 shares were unchanged.
PSU banks are undergoing some pain, with the Nifty PSU bank index trading over 2 percent lower. Stocks in this space are reacting to the merger proposal by the government for three banks that was announced on Monday evening. Pharmaceuticals and FMCG names are trading in the green. Meanwhile, midcaps are trading flat.
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Source:https://www.moneycontrol.com/news/business/markets/market-live-d-street-extends-losses-nifty-trades-below-11350-hul-gains-3-2959831.html
