Markets

News Details

( 10 Aug 2018)
Sensex, Nifty open in red on weak global cues; SBI down 1%

Indian benchmark indices belled the day in negative terrain on Friday, tracking weak cues from global peers, weighed down by financial and metal stocks. The banking stocks were under pressure ahead of first quarter earnings report of index heavyweight State Bank of India which will released its June quarter financial report today. Investors will also keep an eye on the Index of Industrial Production or IIP for June which will be announced today.

At 9:25 hours, the 30-share benchmark index was trading at 37,988.14, down by 36.30 points or by 0.10 per cent, and the NSE Nifty was at 11,461.10, down by 9.60 points or by 0.08 per cent.

The top losers of the BSE Sensex pack were State Bank of India (Rs. 311.85,-1.45%), ICICI Bank Ltd. (Rs. 329.60,-1.01%), Reliance Industries Ltd. (Rs. 1208.40,-0.78%), Housing Development Finance Corporation Ltd. (Rs. 1962.70,-0.75%), Coal India Ltd. (Rs. 278.10,-0.73%), among others.

On the flip side, Bharti Airtel Ltd. (Rs. 371.25,+1.23%), Vedanta Ltd. (Rs. 232.00,+0.65%), Infosys Ltd. (Rs. 1387.35,+0.51%), YES Bank Ltd. (Rs. 382.85,+0.42%), Hindustan Unilever Ltd. (Rs. 1759.90,+0.36%), were among top gainers on BSE.

On the sectoral front, bankex and metal stocks were among top losers on BSE, falling as much as 0.49 per cent and 0.36 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 1021, shares advanced were 511, while 470 shares declined and 40 were unchanged.