INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Domestic equity market opened lower on Friday as political uncertainty increased in the US, but soon recouped losses to trade in
the positive terrain led by gains in FMCG major ITC and HDFC twins
At around 9.40 am, BSE benchmark Sensex was trading 75 points or 0.19 per cent higher at 39,061 while NSE barometer Nifty topped the 11,550
mark to trade at 11,583, up 12 points or 0.10 per cent
However, the advance-decline ratio in the 30-pack Sensex leaned towards the sellers with 19 constituents in the red
YES Bank and Tata Motors were among the worst performing stocks in the Sensex pack
Shares of Yes Bank declined over 4 per cent after a promoter cut its holding in the lender
Yes Capital, the second holding company controlled by YES Bank co-founder Rana Kapoor, has reduced its shareholding in the bank by 1.80 per
cent to prepay Rs 630 crore borrowed from Franklin Templeton Asset Management through NCDs.
Tata Motors, ONGC, Vedanta, Tata Steel and M-M
were among other stocks that traded with losses
On the other hand, ITC, Bajaj Finance, HDFC and RIL formed the gainer back on Sensex, rising up to 2 per cent.
All sectors except IT were
trading in the red on NSE
Nifty Metal was the biggest sectoral loser in the opening trade, down 0.8 per cent
Nifty IT was up 0.2 per cent
Among global markets, most of the Asian equity indices were trading lower after a whistleblower report released on Thursday said President
Donald Trump not only abused his office in attempting to solicit Ukraine’s interference in the 2020 US election for his political benefit,
but that the White House tried to 'lock down' evidence about that conduct.
The rupee on Friday opened 9 paise lower at 70.97 per dollar
following some buying in American currency by banks and importers.