Nifty slips below 10,350 mark ahead of F&O expiry, GDP data
Indian equity markets opened in the red as selling pressure was visible across the board with heavyweights such as Reliance Industries, HDFC, Kotak Mahindra Bank and State Bank of India were among the leading decliners. Ahead of expiry of November derivative contracts, September quarter GDP data and OPEC decision later today.
As on 9:38 AM, the BSE Sensex was down 160 points at 33,442 and the NSE Nifty slipped 54 points to 10,307.
The S&P BSE MidCap Index fell 0.28% and the S&P BSE Smallcap Index slipped 0.39%.
Indiabulls Housing Finance, Infosys, Sun Pharma, Bajaj Auto and Dr.Reddy’s gained the most on Nifty50.
Kotak Mahindra Bank, Tech Mahindra, ONGC, Adani Ports and UltraTech Cement were the top losers.
All sector gauges in NSE were trading lower led by the PSU Bank Index’s that saw 0.96% drop.
India VIX slipped by 1.04% at 13.01 level.
Out of 1,969 stocks traded on the NSE, 413 advanced, 1,133 declined, and 423 remained unchanged today.
A total of 27 stocks registered a fresh 52-week high in trade today, while four stocks touched a new 52-week low on the NSE.
Meanwhile, the Indian rupee opens lower at 64.54 per dollar against yesterday’s close of 64.32.
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Via:: Stock – India Infoline