Domestic Markets slump; Rupee closes positive
Sensex ended below 74.59 points or 0.27% at 27,126 from its previous closing of 27,201.49. While NSE closed at 8,323 down 14.70 points or 0.18%. The 30-stock index was negative with 14 advances and 16 declines, and that of 50-stock index recorded 23 advances, 27 declines and 1 remaining unchanged.
Shares of telecom sector slumped on BSE index on DoT (Department of Telecommunication) stating that the Comptroller and Auditor General of India (CAG) report has point out six of the leading telecom companies in India understated their revenues. Bharti Airtel was top loser at Rs. 354.40 down by 2.45%. Other major telecom service providers who performed negative were Reliance Communication at Rs. 50.65 (3.43%), Idea Cellular at Rs. 101.90 (2.86%) and Tata Communication marginally down at Rs. 479.35.
During Friday morning trading session, Sensex and Nifty opened uninspired just like their previous closing. The volatility is muted led by some tumble in FMCG and banking stocks. Sensex was trading below 81 points at 27,120.61; while Nifty at 8,318.80 down by 19 poinst. The 30-stock script was negative with 14 advances and 16 declines. Nifty too recorded a negative status with just 16 advances and 35 declines.