The domestic benchmark indices are trading around 0.5 per cent lower weighed by information technology and banking stocks. Asian stocks inched up to five-week highs on Friday, after Fed Chairman Jerome Powell reiterated the Federal Reserve will be patient about raising interest rates. The rupee is trading on a weak note having slipped to 70.54 against the dollar in intra-day trade, after opening flat at 70.42 against on Friday. The domestic unit had settled at 70.41 against the greenback on Thursday. Oil prices were on track for solid weekly gains on Friday after financial markets were lifted by hopes the United States and China may soon resolve their trade disputes. IT index is down around half a percent, with TCS dragging around 1 percent. Banks, consumption and metals were the other big gainers. Infosys shares is trading marginally lower ahead of its numbers to declare later today. The company is expected to report marginal growth in profitability for the quarter-ended December 2018, but revenue growth could be an average 1.5 percent considering a seasonally weak quarter.
At 13:34 hours, the BSE SENSEX was trading at 35916.02 down by -190.48 points or by -0.53 per cent and then NSE Nifty was at 10766.45 down by -55.15 points or by -0.51 per cent. The BSE Sensex touched intraday high of 36214.26 and intraday low of 35897.35 The NSE Nifty touched intraday high of 10850.15 and intraday low of 10757.65.
The top gainers of the BSE Sensex were ITC Ltd. (Rs. 294.15,+1.59%), Vedanta Ltd. (Rs. 196.75,+0.85%), Oil And Natural Gas Corporation Ltd. (Rs. 144.40,+0.59%), Asian Paints Ltd. (Rs. 1401.00,+0.25%), HDFC Bank Ltd. (Rs. 2113.20,+0.17%), among others.
The top losers of the BSE Sensex were Tata Consultancy Services Ltd. (Rs. 1838.95,-2.61%), IndusInd Bank Ltd. (Rs. 1528.60,-2.42%), Tata Motors Ltd. (Rs. 95.70,-2.40%), Tata Motors Ltd. (Rs. 181.25,-2.32%), Larsen & Toubro Ltd. (Rs. 1365.00,-1.82%), among others.
Sector wise, FMCG index was at 11930.93 up by 36.41 points or by 0.31%. Eveready Industries India Ltd. (Rs. 211.95,+16.78%), KRBL Ltd. (Rs. 323.95,+10.64%), Kohinoor Foods Ltd. (Rs. 36.95,+8.68%), Andrew Yule & Company Ltd. (Rs. 21.85,+3.80%), Chaman Lal Setia Exports Ltd. (Rs. 79.95,+3.36%).On the flip side, CGS index was at 18188.93 down by -216.2 points or by -1.17%. AIA Engineering Ltd. (Rs. 1657.50,-1.96%), Larsen & Toubro Ltd. (Rs. 1365.00,-1.82%), Suzlon Energy Ltd. (Rs. 5.35,-1.65%), CG Power and Industrial Solutions Ltd. (Rs. 44.80,-1.43%), Carborundum Universal Ltd. (Rs. 362.60,-1.32%).
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2665 , shares advanced were 1054 while 1423 shares declined and 188 were unchanged.