Tuesday 5 March 2019

Market Live: Sensex opens 50 pts lower, Nifty below 10,850; Eicher Motors slips


Market Opens: Benchmark indices opened marginally lower on Tuesday with Nifty below 10,850 level.

The Sensex is down 99.39 points at 35964.42, while Nifty is down 32.10 points at 10831.40. About 559 shares have advanced, 277 shares declined, and 90 shares are unchanged. 

Vedanta, Axis Bank, Power Grid, Coal India, HPCL, BPCL, are among major gainers, while losers include Eicher Motors, L&T, Wipro, Bajaj Auto, Tech Mahindra, Bharti Airtel and Yes Bank

On the sectoral front, except energy and metal all other sectors are trading in red.

Rupee Opens: The Indian rupee opened marginally lower  at 70.94 per dollar on Monday against Friday's close 70.91.

Market at pre-open: The Indian indices are trading higher in the pre-opening session with Nifty around 10,900 level.

The Sensex is up 94.77 points at 36158.58, while Nifty is up 35.40 points at 10898.90.

Gail, Hero Moto, Eicher Motors are among major losers, while Tata Motors is trading higher in the pre-opening.

Crude dips: Oil prices fell on Tuesday as markets eyed only modest prospects for growth in fuel demand, although OPEC-led efforts to cut output still offered some support.

Wall Street ends lower: Wall Street's major indexes fell on Monday, weighed down by a weak US construction spending report and declines in healthcare shares, as an initial rally on optimism over a US-China trade deal faded.

Asian markets trade lower: Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States

SGX Nifty: Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 18  points or 0.17 percent. Nifty futures were trading around 10,829-level on the Singaporean Exchange.

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Source: Moneycontrol

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