Market falls 100 pts, Nifty around 11k; Tata Motors slips 3%
It is a weak start for the indices on the last day of the truncated week with Nifty below 11,050 level.
The Sensex is down 6.09 points at 36719.33, while Nifty is down 14 points at 11044.20. About 560 shares have advanced, 404 shares declined, and 61 shares are unchanged.
Wipro, Tata Motors, Tata Steel, Hindalco, Vedanta, Asian Paints, Maruti Suzuki, are among major gainers on the indices, while losers are M&M, ITC, HUL, Jet Airways, DHFL, Ashok Leyland and Bharti Infratel.
Among the sectors, auto, bank, metal and IT are trading lower, while FMCG, infra, and pharma are witnessing some buying. Benchmark indices are trading flat in the pre-opening session.
The Sensex is up 14.39 points at 36739.81, and the Nifty down 19.20 points at 11039.source- www.moneycontrol.com
Jet Airways and Tata Motors are trading lower in the pre-opening trade. Asian stocks were headed for harm on Friday after the European Central Bank slashed its growth forecasts and launched an emergency round of policy stimulus, leaving investors fearing the worst for the global economy. Wall Street's main indexes fell for a fourth consecutive session on Thursday after Europe's central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth.
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