Stock Markets Today: Sensex, Nifty open in red; Indusind Bank, Axis Bank shares lose in early morning trade
Partially reversing Thursday’s gains, the stock markets today opened in the red. Both the Sensex and Nifty 50 were down by almost 0.3 per cent within minutes of the opening. While Sensex was trading at 36,612.47, down by over 125 points, the broader market NSE Nifty 50 was trading 10,774.40, down by over 39 points around this time
Partially reversing Thursday’s gains, the stock markets today opened in the red. Both the BSE Sensex and NSE Nifty 50 were down by almost 0.3 per cent within minutes of the opening of the markets today. While the Sensex was trading at 36,612.47, down by over 125 points soon after the markets opened, the broader market NSE Nifty 50 was trading 10,774.40, down by over 39 points around this time.
In the 30 share BSE Sensex, only 7 stocks were trading in the green in the early morning trade while the remaining 23 were trading in the red. The top gainers on Friday in the early trade were Sub Pharmaceuticals, Bharti Airtel, Infosys, SBI and Reliance Industries while the top losers were Indusind Bank, Axis Bank, ICICI Bank, Mahindra & Mahindra and Tech Mahindra.
Meanwhile, Vedanta Limited, Mahindra & Mahindra, UPL, Tata Motors and Adani Ports were the top gainers on Nifty Fifty on Friday in the opening trade. The top losers were Tech Mahindra, Asian Paints, HCL Technologies and Cipla.
Today, the USDINR futures were trading at around 75.2675 against the USD at 9:25 am on BSE.
On Thursday, the Sensex ended at 36,737.01, rising by almost 1 per cent while the Nifty 50 closed at 10813.45, also up by over 1 per cent. The Indian stock markets traded with a positive sentiment on Wednesday with Nifty indices - Nifty Bank, Nifty Auto and Nifty IT all trading positively.
Asian shares were set to open mostly lower on Friday as record-breaking new coronavirus cases and deaths in several U.S. states stoked concerns that new lockdowns could derail the economic recovery, and investors looked forward to earnings season. Australian S&P/ASX 200 futures were down 0.41 per cent, Japan`s Nikkei 225 futures edged up 0.02 per cent, and Hong Kong`s Hang Seng index futures lost 0.87 per cent. E-mini futures for the S&P 500 added 0.12 per cent.
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On Thursday, the Dow Jones Industrial Average fell 1.39 per cent, to 25,706.09 and the S&P 500 dropped 0.56 per cent, to 3,152.05
Inputs from Reuters
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