On the sectoral front, Nifty PSU Bank fell 2% followed by reality, IT, media, and financial stocks. On the flip side, FMCG and auto indices were up marginally.
Equity benchmark indices opened lower on Thursday amid escalating US-Mexico and US-China trade worries. Investors will keenly watch Reserve Bank of India’s monetary policy decision to be announced today.
On the sectoral front, PSU Bank fell 2% followed by realty, IT, media, and financial stocks. On the flip side, FMCG and auto indices were up marginally.
Power Grid, IOC, Eicher, and Bajaj Auto were among the top gainers, while GAIL, Indiabulls HF, Yes Bank, and SBI were top losers on the NSE.
The Sensex slipped 57 points at 40,026, and the Nifty50 dropped 23 points to 11,999. The market breadth was negative on the NSE with 707 shares advancing, 829 shares declining, and 521 remaining unchanged.
Crisil and Icra downgraded commercial paper (CPs) of Dewan Housing Finance Corporation (DHFL) to ‘default’ after the lender delayed interest payments. The stock tanked 12.5%.
Shares of Tata Motors rose ~1% after Jaguar Land Rover said it has joined hands with BMW to develop next-generation electric drive systems.
Volatility gauge India VIX is up 1.34% at 15.83.
The most active stocks on the NSE are GAIL, SBI, Yes Bank, and DHFL.
On the currency front, the Indian rupee opened weaker at 69.40 against the US dollar.
Meanwhile, oil prices hovered around their lowest levels since January as markets remain under pressure from rising US supply and stalling demand amid an economic slowdown.
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On the sectoral front, PSU Bank fell 2% followed by realty, IT, media, and financial stocks. On the flip side, FMCG and auto indices were up marginally.
Power Grid, IOC, Eicher, and Bajaj Auto were among the top gainers, while GAIL, Indiabulls HF, Yes Bank, and SBI were top losers on the NSE.
The Sensex slipped 57 points at 40,026, and the Nifty50 dropped 23 points to 11,999. The market breadth was negative on the NSE with 707 shares advancing, 829 shares declining, and 521 remaining unchanged.
Crisil and Icra downgraded commercial paper (CPs) of Dewan Housing Finance Corporation (DHFL) to ‘default’ after the lender delayed interest payments. The stock tanked 12.5%.
Shares of Tata Motors rose ~1% after Jaguar Land Rover said it has joined hands with BMW to develop next-generation electric drive systems.
Volatility gauge India VIX is up 1.34% at 15.83.
The most active stocks on the NSE are GAIL, SBI, Yes Bank, and DHFL.
On the currency front, the Indian rupee opened weaker at 69.40 against the US dollar.
Meanwhile, oil prices hovered around their lowest levels since January as markets remain under pressure from rising US supply and stalling demand amid an economic slowdown.
Get more details here:
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