Market Live: Sensex opens 200 points lower, Nifty below 9850; Infy tanks as Sikka steps down
After consecutive sessions of positive movements in
the ongoing week, benchmark indices witnessed a gap-down opening, dragged by
weak movements on Infosys on the back of developments in the top management
exit.
At 09:18 hrs, the Sensex was down 210.84 points at
31584.62, while the Nifty was down 62.20 points at 9841.95. The market breadth
was negative as 209 shares advanced against a decline of 742 shares, while 34
shares were unchanged.
ITC, Mahindra and Mahindra (M&M), Bharti Infratel
and UltraTech Cement gained the most on both indices, while Infosys, State Bank
of India and Bank of Baroda were the top losers.
Among global markets, Asia markets were pressured in
early Friday trade after investors on Wall Street sold off on growing
uncertainty over the Trump administration's ability to follow through on its
economic policies.
Japan's Nikkei 225 fell 1.31 percent as risk off trade
from the US session followed through into the Asian trading day. Across the
Korean strait, the Kospi declined 0.81 percent.
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