Nifty begins August series on flat note; Eicher Motors spikes 6%

The 50-share NSE Nifty started off August series on a flat note after yesterday's rally as investors eagarly awaited for GST Bill.

The Sensex was down 10.22 points at 28198.40 and the Nifty declined 2.75 points at 8663.55.

Axis Bank, L&T, Tata Steel, Adani Ports, Coal India, Eicher Motors, Bosch, Tata Power and Tata Steel were early gainers while BHEL, ICICI Bank, Bharti Airtel, NTPC, SBI, Bharti Infratel and ACC were losers.

Automobile company Eicher Motors' first quarter (April-June) consolidated earnings matched analysts' estimates on Thursday with profit growing sharply by 58.6 percent to Rs 376.3 crore, driven by strong revenue as well as operational performance in Royal Enfield business

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