Nifty hovers around 8050; TCS, Infosys, Axis early gainers
The market has opened flat on December Futures & Options expiry today. The Nifty is down 11.00 points at 8023.85 and the Sensex is down 29.47 points or 0.1 percent at 26181.21.
HUL, Adani Ports, L&T, Bharti Airtel and HDFC bank are losers while Axis Bank, Lupin, Cipla, M&M and SBI are gainers in the Sensex.
The Indian rupee opened flat at 68.24 per dollar versus previous close 68.24.
"Year-end holidays expected to keep volumes and activity in currency markets low and thin. USD-INR expected trading range for the day 68-68.30/dollar."
Global markets are unsteady as Dow closed down triple digits triggered by a sharp drop in home re-sales. Asian shares slipped on Thursday after Wall Street suffered a mild setback after weeks of gains, while the dollar stayed in demand as US government debt offered ever-fatter premiums over euro zone bonds.