Nifty
opens below 11K, Sensex falls 150 points; sugar stocks in focus
Market
Opens: It is a weak start for the Indian indices on
August 29 with Nifty below 11,000 level.
The Sensex is down 151.90 points or 0.41% at
37299.94, while the Nifty is down 47.60 points or 0.43% at 10998.50. About
286 shares have advanced, 489 shares declined, and 28 shares are
unchanged.
Indiabulls Housing, Balrampur Chini, Dwarikesh
Sugar, Dhampur Sugar, Yes Bank, JSW Steel, Tata Steel, Coal India, ICIC Bank,
Cipla, Power Grid, DRL, Sun Pharma are among major gainers on the indices,
while losers are Wipro, Lakshmi Vilkas Bank, TCS, Infosys, DHFL, Coffee Day,
JMC projects, Wockhardt and Piramal Enterprises and Redington.
Among sectors, except pharma all other indices are
trading lower led by the metal, bank, IT, infra, FMCG and energy.
Rupee
Opens lower: The Indian rupee opened lower by
14 paise at 71.90 per dollar on Thursday versus previous close
71.77.
Stocks
in the news: Nestle, Lakshmi Vilas Bank, Hexaware, Just Dial,
Indiabulls Housing, JMC Projects
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