Stock Market Live: Nifty, Sensex Trade Flat; Hero Moto, JSW Steel, Hindalco Shares In Focus

In trade so far, the counters that are buzzing in terms of volume are Bharat Elecrtonics Ltd., Reliance, and Tata Motors.

BEL is trading about 1% higher at Rs 404.35 apiece on the NSE, while Tata Motors was down 0.52% trading at Rs 669. While the share price of RIL declined nearly 1% at Rs 1,364 as of 11:01 a.m.

Zooming out, to the sectoral movements, Nifty PSU Bank marked the most gains as of 10:30 a.m. While Nifty Metal, Defence and IT were also sectors trading in the green.

Sectors like Nifty Media, Realty, FMCG and Consumption were trading in the green, marking over 1% decline.

Shares of Jaro Institute of Technology Management & Research Ltd. fell over 10% after making an underwhelming debut on the stock market on Tuesday. The scrip opened flat at Rs 890 apiece on NSE and BSE, same as the IPO offer. The stock then fell 14%.

Tata Motors Ltd.’s share price opened 0.36% lower after the company in an analyst meet announced that the record date for the demerger of its Commercial Vehicles business is slated for mid-October and listing is to be expected in November.

he demerger takes effect from Wednesday, October 1. Post the analyst meet, brokerages held mixed opinions on the company.

Anand Rathi Share & Stock Brokers Ltd. shares made a muted debut on the stock market on Tuesday, listing at a premium of just 4% over the IPO price. The share price opened at Rs 432 on the NSE and Rs 432.1 on the BSE, compared to the issue price of Rs 414.