Equity benchmarks were moderately lower in the opening trade amid choppy trade, following weak Asian cues. The market shrugged off positive US cues.The Nifty was struggling to hold the 5500 level. Technology, telecom, power and select banking stocks were on sellers' radar.
Dr Reddy's Labs fell nearly 2% on USFDA inspection in one of company's plants. Maruti Suzuki, Tata Motors, NTPC, Jaiprakash Associates, Infosys, Ambuja Cements, Reliance Communications, Bharti Airtel, ICICI Bank, SBI and Kotak Mahindra Bank were putting pressure on the market.
At 9:18 hours IST, the 50-share NSE Nifty was trading at 5,489, down 11 points and the 30-share BSE Sensex slipped 35 points at 18,273.
At 9:18 hours IST, the 50-share NSE Nifty was trading at 5,489, down 11 points and the 30-share BSE Sensex slipped 35 points at 18,273.
No comments:
Post a Comment