Equity Research lab Opening Bell: Markets open lower; Cochin Shipyard to list today
Nifty 9712.15 -108.1 -0.011 9820.25
Banknifty 23958.25 -259.1 -0.011 24217.35
Sensex 31355.92 -1175.59 -0.036 32531.51
USDINR 64.1 -0.12 -0.002 64.22
Tech Mahindra was top Nifty gainer trading at Rs 409.40 per share up by 1.34% while Tata Motors was top Nifty loser trading at Rs 362.10 per share, down by 4.76%. There were 133 advances, 1372 declines and 389 unchanged stocks on NSE reflecting fairly negative sentiments floating in the market.
Nifty pharma is the top loser among sectoral indices on NSE. Piramal Enterprises is the top loser in the index trading at Rs 2653.30 per share, down by 2.8%.
On the broader market, BSE Mid-cap index opened at 14,674 level, down by 200 points while BSE Small-cap index opened at 14,747 level, down by 320 points.
The rupee opened at 63.20 per US Dollar on Friday.
JKumar Infraprojects and Prakash Industries will resume their trading from today after SAT stayed trading restriction imposed on them.
Shares of Cochin Shipyard is going to list today.
Tata Motors opened lower on today’s trade slipping 5.29% at Rs 360.75 per share. The stock on Thursday’s trade also traded weak on the back of weak Q1FY18 results.
The US stocks finished sharply lower on Thursday, with the tech-laden Nasdaq and the S&P 500 falling to their lowest closing levels in a month. Dow Jones Industrial Average closed down 205 points at 21,844. The S&P 500 index tumbled 36 points to finish at 2,438. The Nasdaq Composite Index nosedived 135 points to finish at 6,217.
Stock indices in Asia were trading lower in early trade on Friday, after a huge sell-off in the US market overnight on account of the ongoing escalation in tensions between the US and North Korea. Hong Kong’s Hang Seng has crashed 389 points and China’s Shanghai Composite has dipped 20 points. Japan’s Nikkei 225 is closed on account of public holiday.