Market Live:
Sensex opens over 150 points lower, Nifty breaks 11,500; Sun Pharma tanks 5%
It’s a negative start on the market on
this Friday morning as tepid global cues weighed on indices.
There’s all-round selling among all
sectors, with banks, pharmaceuticals, automobiles and FMCG dragging the most.
In the broader markets, midcaps, too, are trading weak, down one-third of a
percent.
Among stocks, Bajaj Auto, Hero MotoCorp,
and GAIL are the top gainers, while Sun Pharma and ICICI Bank have lost the
most. Sun Pharma and Cadila are under pressure due to regulatory pressures and
are trading 3-5 percent lower.
The Sensex is down 160.22 points or
0.42% at 38082.59, and the Nifty down 48.50 points or 0.42% at 11488.40. The
market breadth is negative as 478 shares advanced, against a decline of 527
shares, while 55 shares were unchanged.
The Indian rupee opened marginally
higher at 71.95 per dollar on Friday versus 71.99 Thursday.
Stocks
in the News: Infosys, HDFC, L&T Tech, Bajaj
Auto, Ajmera Realty, Sakuma Exports
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