Nifty below 10,900, Sensex falls 250 pts; Bharti Airtel gains 4%
Market Opens: Another weak start for the market on August 2 as benchmark indices are trading lower with Nifty below 10,950 level.
At 09:17 hrs IST, the Sensex is down 191.90 points or 0.52% at 36826.42, and the Nifty down 55.60 points or 0.51% at 10924.40. About 170 shares have advanced, 512 shares declined, and 25 shares are unchanged.
Ashok Leyland, JSW Steel, Tata Steel, JSPL, Vodafone Idea, HDFL, Vedanta, Hindalco, Bhandhan Bank, Godrej Consumer, Apollo Tyres, Hero Moto, Eicher Motors, Tata Motors, IndusInd Bank, ICICI Bank are among major losers on the indices, while gainers are Bharti Airtel, IOC, HPCL, BPCL and Infosys.
All the sectoral indices are trading in the red led by the metal, auto, infra, FMCG, energy and pharma.
Rupee Opens: The Indian rupee slipped further in the early trade on Friday. It has opened lower by 20 paise at 69.25 per dollar versus previous close 69.05.
Stocks in the news: Bharti Airtel, SBI, ITC, Eicher Motors, Raymond, Tata Power, Tata Motors