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