Sensex, Nifty open in red; Infosys down, ONGC & Bharti gainers
The market has opened in red on Thursday. The Sensex is down 75.70 points or 0.3 percent at 26944.96, and the Nifty is down 19.45 points or 0.2 percent at 8253.60. About 474 shares have advanced, 241 shares declined, and 34 shares are unchanged.
ONGC, NTPC, Bharti Airtel, Reliance and Tata Motors are gainers while Lupin, Infosys, Dr Reddy's, Asian Paints and HUL are losers in the Sensex.
The Indian rupee opened higher by 7 paise at 66.58 per dollar versus 66.65 Wednesday. The dollar at a five-week low against a basket of currencies as traders reduced bets of an imminent US interest rate increase.
Asia markets traded mostly lower, as a weaker dollar weighed on Japan's shares and South Korean stocks failed to get a boost from a surprise interest rate cut.