Nifty opens around 11,050, Sensex falls 150 pts; Zee Entertainment slips 3%
Market opens: Market started on a weak note on August 1 with Nifty around 11,050.
At 09:17 hrs IST, the Sensex is down 212.12 points at 37,269.00, while Nifty is down 63.40 points at 11054.60. About 204 shares have advanced, 504 shares declined, and 33 shares are unchanged.
In the early trade Wipro, Power Grid, Axis Bank, Ashok Leyland, ICICI Bank, Trent, Tata Global, Ajanta Pharma are among major gainers on the indices, while losers include Zee Entertainment, Eicher Motors, UPL, Vedanta, JSW Steel, Tata Steel and Escorts.
All the sectoral indices are trading in the red led by the metal, pharma, bank, IT, infra, auto, FMCG and energy.
Rupee opens weak:
The Indian rupee slipped in the early trade on Thursday. It has opened lower by 41 paise at 69.20 per dollar versus previous close 68.79.The rupee has opened at the lowest level since June 27.
Stocks in the news: Zee Entertainment, Eicher Motors, Wipro, Ashok Leyland, HDFC