Nifty hovers around 8400, Sensex wobbles; HDFC, Tata Motors fall
The marker is reeling under pressure as the Nifty struggles to hold 8400. The 50-share index is down 124.20 points or 1.5 percent at 8401.55. About 362 shares have advanced, 1560 shares declined, and 72 shares are unchanged.
Sun Pharma and SBI are top gainers while Asian Paints, HDFC, Tata Motors, Hero MotoCorp and GAIL are losers.
The market has opened at lower levels. The Sensex is down 318.07 points or 1.2 percent at 27199.61 and the Nifty is down 95.55 points or 1.1 percent at 8430.20. About 206 shares have advanced, 706 shares declined, and 38 shares are unchanged.
Sun Pharma and Infosys are gainers. HDFC, Bajaj Auto, Coal India, GAIL and M&M are major losers in the Sensex.
The Indian rupee slipped in the early trade. It has opened lower by 52 paise at 67.15 per dollar versus 66.63 Thursday. NS Venkatesh of Lakshmi Vilas Bank said, "The rupee today is expected to further signs of strengthening against basket of currencies as the RBI circular on S4A will be credit positive for banking."