Nifty breaches 7000, Sensex weak; BHEL tanks 10%, SBI falls 3%
The market has opened a bit steady on Friday. The Sensex is up 139.27 points or 0.6 percent at 23091.10, and the Nifty is up 47.30 points or 0.7 percent at 7023.65. About 386 shares have advanced, 286 shares declined, and 35 shares are unchanged.
BHEL, SBI, ONGC, ICICI Bank, Bajaj Auto are major laggards while Axis Bank, HDFC, Coal India, Infosys and Dr Reddy's Labs are losers.
The Indian rupee opened lower by 9 paise at 68.38 per dollar against 68.29 Thursday. The US dollar fell to a 15-month low against the yen, on track for its worst week against the Japanese currency since 2008, as fears of a global economic slowdown and concerns about stress in the banking system, increased demand for safe-havens.
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