Market opens nearly 150 points lower, Nifty below 10,850
Bajaj Auto on Wednesday reported total sales of 3.46 lakh units for December. This implies a growth of 18 percent over 2.92 lakh units sold in December 2017.
Its exports jumped 16 percent at 1.65 lakh units against 1.43 lakh units last year.
Domestic sales have risen 21 percent at 1.8 lakh units against 1.49 lakh units year on year.
Motorcycle sales grew 31 percent at 2.98 lakh units against 2.28 lakh units last year. Equity benchmarks have begun the day on a lower note, with the Sensex falling nearly 150 points. The Nifty is below 10,850-mark.
Bank Nifty and the midcap index are in the red, while pain is visible among automobiles, metals, and pharmaceuticals.
The Sensex is down 146.02 points or 0.40% at 36108.55, and the Nifty down 65.80 points or 0.60% at 10844.30. The market breadth is narrow as 241 shares advanced, against a decline of 210 shares, while 34 shares were unchanged.
NTPC, Wipro, HDFC and Bharti Airtel gained the most, while Tata Motors, Vedanta, Eicher Motors and JSW Steel lost the most The Indian rupee opened marginally lower at 69.52 per dollar on Wednesday versus the previous close 69.45.source-www.moneycontrol.com Rupee consolidated in a narrow range for most of the sessions but rose in the last hour of the session.
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