Wednesday, January 8, 2020

Stock Market News Updates & Opening Bell for 08-Jan-2020


Nifty opens below 12K, Sensex falls 300 pts; Yes Bank gains 3%


Market Opens: It is weak start for the Indian indices on January 8 with Nifty below 12,000 mark on the back of escalation of geopolitical tension and on projection of economy growth of 5 percent for 2019-20.

At 09:16 hrs IST, the Sensex is down 315.68 points or 0.77% at 40553.79, and the Nifty down 100.20 points or 0.83% at 11952.80. About 147 shares have advanced, 577 shares declined, and 24 shares are unchanged.

BPCL, SBI, Vedanta, Hindalco, L&T, Tata Motors, UPL, Coal India, ICICI Bank, HDFC Bank are among major losers on the Indices, while gainers are Yes Bank and Bharti Airtel.

Rupee Opens: The Indian rupee opened lower by 19 paise at 72.02 per dollar on Wednesday versus previous close 71.83.

Gold Update: Gold prices surged more than 2% on Wednesday, crossing the key USD 1,600 mark, as investors sought cover in the safe-haven metal after Iran fired rockets at Iraqi airbase which hosts US forces.

Stocks in the news: NBCC, Navin Fluorine, Bosch, HT Media, Muthoot Finance, NHPC


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