Market opens It’s a negative start to this Friday morning, with the Sensex falling nearly 200 points, while the Nifty is holding 11,000-mark.
The Sensex is down 191.77 points or 0.52% at 36779.32, and the Nifty down 48.60 points or 0.44% at 11020.80. The market breadth is negative as 195 shares advanced, against a decline of 253 shares, while 30 shares were unchanged.
All sectoral indices are trading in the red, with maximum cuts visible in automobiles, metals, banks and infra names. The Nifty Midcap index is down around half a percent.
IndusInd Bank, Power Grid, BPCL and Grasim are the top gainers, while Tata Motors, Vedanta, and Zee Entertainment lost the most.
Rupee opens The Indian rupee has opened higher on the back of fall in crude oil prices. The currency has opened at 71.38 per US dollar against its previous close.
The rupee on Thursday appreciated by 11 paise to close at 71.45 against the US dollar after the Reserve Bank of India cut the repo rate and changed its policy stance to 'neutral'.
Market at pre-open Equity benchmarks are trading lower in pre-opening trade, amid weak global cues.
The Sensex is down 73.43 points or 0.20% at 36897.66, and the Nifty down 39.10 points or 0.35% at 11030.30.
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