Opening Bell – Markets open lower
At 09:15 AM, Nifty opened at 10,094 level, down by 27 points while Sensex opened at 32,339 level, down by points. There are 402 advances, 1047 declines and 469 unchanged stocks on NSE reflecting strong negative sentiments floating in the market.
Bharti Infratel is top Nifty gainer, trading at Rs 391.8 per share, up by 1.07% whereas Hindalco is top Nifty loser, trading at Rs 238.7 per share, down by 2.39%.
Nifty50 index has support placed in the region of 10,080 and 10,040. On the other hand, further upside is expected once the Nifty index sustains above the levels of 10,175-10,180.
The rupee opened at 64.80 per USD. It has been hovering at its lowest level against the US Dollar since April 5.
The US stock markets ended lower on Thursday, with the Dow Jones Industrial Average snapping a nine-day winning streak. The Dow Jones closed at 22,359 with loss of 53 points. The S&P 500 shed 8 points to end at 2,501. The tech-heavy Nasdaq Composite Index slipped 33 points to close at 6,423.
Asian indices dropped in early trade on Friday on reports that North Korea could respond to Donald Trump’s new sanction action by testing a powerful nuclear weapon in the Pacific ocean. The Japan’s Nikkei 225 has lost 50 points, Hong Kong’s Hang Seng has tumbled 158 points, while China’s Shanghai Composite has slipped 19 points.