Indian Markets Flat; Tata Motors and HUL Hold in Positive Zone
Indian markets were trading flat on Friday afternoon after opening positive. The stock markets drifted in the afternoon as heavyweight stocks were trading lower. Among major losers were Tata Power, DLF, Reliance Infra, Power Grid, Hindalco, Larsen and SAIL.
Reliance, Cipla, Axis Bank, HDFC Bank, PNB, Bajaj Auto and SBI were marginally down. Standard Chartered has given a target of 6000 for NSE Nifty in next six-nine months' period.
CAG report has evaluated the loss to the state amounting to Rs 1.86 lakh crore in the coal block allocation. After the report, the opposition has disrupted the activity in the parliament.
US Stock markets closed positive on Thursday. The Dow Jones Industrial Average gained 85 points to close at 13,250. Facebook stock touched 52-week low as more investors were able to exit the stock after the lockup period expired. The stock closed 6.2% lower at USD 19.87.