Market opens mildly lower, Nifty holds 10,900; Infosys down 1%
Among sectors, Nifty IT index is down around half a percent, while energy and pharma are in the negative zone.
It’s a mildly lower start to the market on Friday morning, amid weak global cues. The Nifty is holding 10,900-mark.
Among sectors, Nifty IT index is down around half a percent, while energy and pharma are in the negative zone. Automobile names are trading in the green.
The Nifty Midcap index is up one-quarter of a percent.
The Sensex is down 31.04 points or 0.09% at 36400.63, while the Nifty was down 16.20 points or 0.15% at 10935.50. The market breadth is positive as 295 shares advanced, against a decline of 107 shares, while 21 shares were unchanged.Bharti Airtel, Yes Bank, HPCL and Indiabulls Housing are the top gainers, while Infosys, Power Grid and IOC have lost the most. Equity benchmarks are trading higher in pre-opening trade, with the Nifty well above 10,950-mark. The Sensex is up 111.89 points or 0.31% at 36543.56, while the Nifty is higher by 10.10 points or 0.09% at 10961.80.
The rupee has opened flat at 69.72 per US dollar against its previous close of 69.70 per US dollar. Trends on SGX Nifty indicate a lower opening for the broader index in India, a fall of 32 points or 0.29 percent. Nifty futures were trading around 10,962-level on the Singaporean Exchange.
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