Opening Bell – Markets open lower, Infosys slips over 5%
At 9:15 AM, Nifty opened at 9,865 level, down by 63 points while Sensex opened at 31,729 level, down by 226 points.
Bharti Infratel was top Nifty gainer trading at Rs 386.30 per share, up by 1.83% whereas Infosys was top Nifty loser trading at Rs 968.95 per share, down by 5%. India VIX was trading at 14.31 level, down by 0.20%. Bank Nifty index was trading down by 174 points at 24,057 level.
On the broader markets, BSE Mid-cap index was trading at 15,158 level, down by 73 points while BSE Small-cap index was trading at 15,602 level, down 92 points.
Rupee opened at 64.17 per USD.
Infosys was the top nifty loser on the back of the resignation of Vishal Sikka as MD and CEO of Infosys.
US stocks fall sharply on Thursday as heightened concerns about President Donald Trump’s legislative agenda. The Dow Jones Industrial Average tumbled 274 points to close at 21,751, postinf 1-day biggest fall. The Nasdaq Composite Index plummeted 123 points to 6,212. The S&P 500 shed 38 points to 2,430.
Asian markets slipped lower in early trade on Friday on back of sell-off in the U.S market. Japan’s Nikkei 225 has decline 216 points. Hong Kong Hang Seng has tumble 308 points. China’s Shanghai Composite has lost 10 points.