Nifty opens below 11,050, Sensex falls 200 pts; Coffee Day Enterprises plunges 20%
Market Opens: It is a weak start for the market on July 31 with Nifty trading below 11,050.
At 09:18 hrs IST, the Sensex is down 208.10 points at 37,189.14, while Nifty is down 65.60 points at 11,019.80. About 227 shares have advanced, 614 shares declined, and 21 shares are unchanged.
Axis Bank, Tech Mahindra, Coffee Day Enterprises, JSW Steel, PNB Housing, Eicher Motors, IOC, Gammon Infra, Suzlon, are among major losers on the indices, while gainers are Gujarat Gas, Dish TV and UPL.
All the sectoral indices are trading in the red led by the metal, bank, pharma, IT, energy, FMCG and Infra.
Rupee Opens: The Indian rupee opened marginally lower at 68.90 per dollar on Wednesday against previous close 68.86.
Stocks in the news: Axis Bank, Hero Moto, Tech Mahindra, DHFL, JSW Steel, Gujarat Gas, Alkem