Sensex rangebound ahead of corporate earnings; Lupin lifts Pharma index
Benchmark indices were flat in pre-opening trade, which was in line with muted Asian cues and the trend indicated by SGX Nifty futures.
The 30-share BSE Sensex was down 0.48 points at 33,596.32 and the 50-share NSE Nifty rose 6 points to 10,331.20.
The SGX Nifty futures were trading down 16 points at 10,340-level on the Singapore Stock Exchange.
The Dow and the S&P 500 posted gains for a third day in a row on Thursday, the longest streak in about a month, as investors’ worries of an escalating trade conflict between the United States and China eased and their focus on upcoming earnings grew.
Asian markets were trading mixed after US President Donald Trump proposed additional tariffs on China, aggravating trade tensions and smothering a revival in broader investor risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.25 percent, said a report.
Reliance Communications: The company hopes to cut debt by Rs 25,000 crore after SC allows asset sale
The rupee fell 5 paise to 65.01 against the US dollar at the Interbank Foreign Exchange market.
Yesterday, the rupee had ended higher by 18 paise at 64.97 against the US dollar after the Reserve Bank lowered its inflation forecast and revised up its growth outlook.
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