Stock Markets Today: BSE Sensex, NSE Nifty open in red; bank stocks among top losers
Barring three shares in the 30-share BSE Sensex, all were trading in red when the markets opened. The top gainers on Friday at the time opening were Ultratech Cement Company, Nestle India and Bajaj Auto
After a strong two day rally, the stock markets today opened in red. Both BSE Sensex and NSE Nifty were down by over 1 per cent soon after the markets opened. While the Sensex was trading at 31,866.28, down by over 330 points, the broader market Nifty 50 opened at 9394.65, down by 95 points from Thursday's close.
Barring three shares in the 30-share BSE Sensex, all were trading in red when the markets opened. The top gainers on Friday at the time opening were Ultratech Cement Company, Nestle India and Bajaj Auto while top losers were Infosys, Indusind Bank, Axis Bank, Bajaj Finance and SBI.
Meanwhile, Bharti Infratel, Grasim Industries, Cipla, BPCL and Sun Pharmaceuticals were the top gainers on Nifty Fifty on Friday in the opening trade. The top losers were Bajaj Finance, Eicher Motors, Hindalco Industries and TCS.
On Thursday, the stock markets ended up by over 1.5 per cent. While the Sensex closed at 32200.59, the Nifty 50 ended at 9490.10.
Today, the rupee was trading at 75.8925 against the USD at 9:30 am.
Among the global markets, Asia`s stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong.
U.S. President Donald Trump, who has vowed a tough response, said he will hold a news conference on China later on Friday. Trepidation about a further deterioration in Sino-U.S. relations sent stocks lower and put investors on edge.
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MSCI`s broadest index of Asia-Pacific shares outside Japan fell 0.3 per cent. The Nikkei retreated from a three-month high and, though moves were slight, riskier currencies were under pressure against the U.S. dollar.
Inputs from Reuters
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