Nifty opens below 10,300, Sensex mildly lower; Just Dial, Divis jump
Equity benchmarks opened mildly lower on last day of the week Friday, with the Nifty falling below 10,300 level. Investors focussed on GST meet outcome and SBI earnings later today.
The 30-share BSE Sensex was down 67.70 points at 33,183.23 and the 50-share NSE Nifty fell 24.80 points to 10,284.20.
Aurobindo Pharma, Jindal Steel, SBI and HUL were mildly higher. Tata Motors, M&M, BPCL, Bosch, Motherson Sumi, Axis Bank and Hero MotoCorp were early losers.
Just Dial was up 11% as media report indicated that Google is in talks with the Mumbai-based service engine to acquire its business.
State Bank of India, the country's largest lender, is expected to post profit at Rs 2,507.6 crore for the quarter ended September 2017, compared with net loss of Rs 560 crore in year-ago.
The rupee depreciated by 11 paise to 65.05 against the US dollar in morning at the interbank forex market today on foreign fund outflows.
The rupee opened lower at 65.08 per dollar against previous close of 64.94 per dollar. It dropped further to hit a low of 65.11 per dollar in morning session.
A currency trader said increased demand for the US currency from importers and banks and losses in domestic equity market weighed on the rupee.
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