Sensex and Nifty opens on a negative note; Nifty trades at 11,562, Sensex drops over 50 points

Nifty and BSE commenced Friday’s session on a negative note because of weak Asian cues. The day’s trading started at 38,284.41, down by 0.14 per cent or 52.35 points. With a loss of 0.17 per cent (20.15 points) the Nifty 50 was trading at 11,562.60. Inspite of weak Asian stock trading on Friday morning, US dollar was stocks tracked Wall Street losses and edged down in early trade on Friday, but the US dollar ended its long losing on a cheerful and positive note.

Top losers on the BSE index in today’s trade were BPCL, Hindalco, Hindustan Petroleum, Vedanta, ICICI Bank, Reliance, SBIN, Tata Motors and Infosys.

As IndoGo airlines has grounded some of its A320 Neo aircraft due to non-availability of spare engines from Pratt and Whitney, its shares came under focus. On the other hand, Construction and engineering giant Larsen and Toubro has approved buyback of shares worth Rs 9,000 crore at the rate of Rs 1,500 per share.

On the sunny side, the major stocks that went up the chart in the group of 30-share Sensex pack were Adani Ports, Indusland Bank, HDGC, Mahindra & Mahindra, Kotak Bank and Axis Bank. Dr Reddy’s, NTPC, Larsen & Toubro, HCL Tech and Tech Mahindra were foremost gainers in the Nifty pack today morning.

Also read: Reliance Industries: First Indian company to cross 8 lakh crore market capitalisation