Market Live: Nifty opens above 11,450, Sensex marginally higher; rupee trades lower

Market Opens: It is good start for the Indian indices on Thursday with Nifty above 11,450 level.

At 09:17 hrs IST, the Sensex is up 36.12 points or 0.09% at 38169, and the Nifty up 10.50 points or 0.09% at 11455.50. About 510 shares have advanced, 281 shares declined, and 31 shares are unchanged. 

Zee Ent, HCL Tech, Tech Mahindra, Infosys, Indiabulls housing, Yes Bank, HPCL, BPCL, IOC, GAIL, Eicher Motors are among major gainers, while losers are Tata Motors, ONGC, JSW Steel, IndusInd Bank, Power Grid, Cipla, HDFC Bank and Tata Steel.

Except metal, auto and pharma, all other sectoral indices are trading with marginal gains.

Rupee Opens: The Indian rupee opened lower by  24 paise at 69.11 per dollar on Thursday versus previous close 68.87.

Market at pre-open: Benchmark indices are trading higher in the pre-opening trade on Thursday.

At 09:03 hrs IST, the Sensex is up 66.14 points or 0.17% at 38199.02, and the Nifty up 13.50 points or 0.12% at 11458.50.

Infosys, TCS, Hexaware, HCL Tech are trading higher in the pre-opening session.

Asian markets trade lower: Asian share markets were painted red on Thursday as recession concerns sent bond yields spiralling lower across the globe, overwhelming central bank efforts to calm frayed nerves.

Crude Update: Oil prices fell on Thursday, extending losses into a second straight session, after widely watched data showed a surprising increase in US stocks.

Wall Street ends lower: US stocks eased on Wednesday as Treasury bond yields fell again and a prolonged inversion in the yield curve fanned fears of a US economic slowdown.

SGX Nifty: Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 22 points or 0.19 percent. Nifty futures were trading around 11,424-level on the Singaporean Exchange.

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Source: Moneycontrol