Market Live:
Sensex breaches 38,000 in opening trade, Nifty around 11,450; Jet Airways tanks
10% 
It’s a flat start
to the market on this Friday morning, with the Nifty trading around 11,450 in
the opening tick, while the Sensex has breached 38,000.
At 09:15 hrs IST,
the Sensex was up 6.56 points or 0.02% at 38030.93, while the Nifty was down
6.30 points or 0.05% at 11464.40. The market breadth is positive as 394 shares
advanced, against a decline of 176 shares, while 55 shares were unchanged.
Investors are
booking profits in banks as well as indulging in fence-sitting ahead of State
Bank of India’s results. IT and metal stocks are witnessing some strength,
while the midcap index is trading flat with a positive bias.
Shares of Jet
Airways tanked 10 percent after the airline has deferred its results and its
audit panel refused approval to its results.
The Indian rupee opened lower by 15
paise at 68.83 per dollar on Friday versus previous close 68.68.
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