Market Live:
Sensex, Nifty open lower on profit booking, weak global cues
Equity benchmarks started off last day of the week on a negative note,
dragged by profit booking and weak global cues.
The 30-share BSE Sensex was down 39.24 points at 31,330.10 and the
50-share NSE Nifty fell 17.25 points to 9,657.30. About 602 shares advanced
against 479 declining shares on the BSE.
Tata Steel, Tata Motors, Wipro, ICICI Bank, HDFC Bank, IndusInd Bank and
Infosys were under pressure while Lupin gained over a percent in early trade
followed by Bharti Airtel, Cipla and Eicher Motors.
Tata Teleservices gained 5 percent. JBM Auto was up on entering into
electric bus segment.
MEP Infra, Balaji Amines, Prakash Industries, Speciality Restaurants,
IDFC, IDFC Bank, Shriram City Union and InterGlobe Aviation were midcap gainers
while RBL Bank, Bhushan Steel and Jaypee Infra were losers.
Stocks in Asia were softer following the weaker close stateside and as
global bond yields rose overnight. The Nikkei 225 declined 0.14 percent and the
Kospi was off 0.23 percent.
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