Sensex, Nifty Edge Higher; HDFC Bank Falls On Q1 Profit Miss

Gold Silver Reports (GSR) – The S&P BSE Sensex rose 0.2 percent or 76 points to 36,570 and the NSE Nifty 50 index advanced 0.2 percent or 28 points to 11,038.        

Indian equity benchmarks edged higher, but gains were capped as the country’s largest private sector lender – HDFC Bank fell after it missed profit estimates in June quarter.        

Seven out of 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty FMCG index’s 1.14 percent gain. On the other hand, the Nifty IT index was top loser, down 0.2 percent.          

The mid- and small-cap shares were in line with their larger peers as the Nifty Midcap 100 index rose 0.4 percent and the Nifty Smallcap 100 index climbed 0.2 percent. – Neal Bhai Reports

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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