Sensex, Nifty trade lower; Kotak Mahindra stock slips 3.5%

Nifty Auto, IT, Pharma, and Realty indices are trading in the green, while Nifty Metal, Media, and Bank indices are trading in the negative zone.

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Equity benchmark indices snapped two days' rally and opened lower on Friday amid weak global cues. Nifty Auto, IT, Pharma, and Realty indices are trading in the green, while Nifty Metal, Media, and Bank indices were are in the negative zone.

The Sensex slipped 64 points to 35,834, while the Nifty was down 18 points at 10,772. The market breadth was negative with 945 shares advancing, 594 shares declining, and 498 remaining unchanged.

The BSE MidCap index was trading marginally up 7 points at 14,123, while BSE SmallCap was trading at 13,418, up 4 points.

The rupee on Friday opened slightly lower at 71.25 against the US dollar.

Kotak Mahindra Bank stock slipped after 5.87cr or 3% as equity shares changed hands in six block deals, as per media reports.

Indiabulls HF, Infratel, BPCL, and IOC are trading higher, while, JSW Steel, Tata Steel, and L&T are trading lower on the NSE.

Volatility index India VIX was down 0.96% at 15.89.

The most active stocks are Kotak Mahindra, Indiabulls, HF, Reliance Industries, and Yes Bank.

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