Friday 8 March 2019

Market Live: Indices open in the red with Nifty below 11,050; Wipro slips 3%



Market Opens: It is a weak start for the indices on the last day of the truncated week with Nifty below 11,050 level.

The Sensex is down 6.09 points at 36719.33, while Nifty is down 14 points at 11044.20. About 560 shares have advanced, 404 shares declined, and 61 shares are unchanged.

Wipro, Tata Motors, Tata Steel, Hindalco, Vedanta, Asian Paints, Maruti Suzuki, are among major gainers on the indices, while losers are M&M, ITC, HUL, Jet Airways, DHFL, Ashok Leyland and Bharti Infratel.

Among the sectors, auto, bank, metal and IT are trading lower, while FMCG, infra and pharma are witnessing some buying.

Rupee Opens: The Indian rupee opened lower by 17 paise at 70.17 per dollar on Friday versus previous close 70.

Market at pre-open: Benchmark indices are trading flat in the pre-opening session.

The Sensex is up 14.39 points at 36739.81, and the Nifty down 19.20 points at 11039.

Jet Airways and Tata Motors are trading lower in the pre-opening trade.

Asian markets slip: Asian stocks were headed for harm on Friday after the European Central Bank slashed its growth forecasts and launched an emergency round of policy stimulus, leaving investors fearing the worst for the global economy.

SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 35 points or 0.32 percent. Nifty futures were trading around 11,052.50-level on the Singaporean Exchange.

Wall Street ends lower: Wall Street's main indexes fell for a fourth consecutive session on Thursday, after Europe's central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth.

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Source: Moneycontrol

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