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Sensex, Nifty Retract in Early Trade in Line with Asian Markets

The BSE 30-share barometer dropped by 165.72 points, or 0.43 per cent, to 38,077.09 in opening trade as index major Sun Pharma, Yes Bank, SBI, ICICI Bank, NTPC, ONGC and Maruti Suzuki declined.

PTI

Updated:September 7, 2018, 10:08 AM IST
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Sensex, Nifty Retract in Early Trade in Line with Asian Markets
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Mumbai: The BSE benchmark Sensex drifted lower by nearly 166 points and the NSE Nifty slipped below the 11,500-level in the opening session Friday due to intense selling mainly in banking, power and healthcare shares amid weak Asian cues.

The BSE 30-share barometer dropped by 165.72 points, or 0.43 per cent, to 38,077.09 in opening trade as index major Sun Pharma, Yes Bank, SBI, ICICI Bank, NTPC, ONGC and Maruti Suzuki declined.

The gauge had gained 224.50 points in the previous session on value-buying in recently battered stocks.

The NSE Nifty index too fell by 43.40 points, or 0.38 per cent, at 11,493.50.

Brokers said weakness was seen in most Asian markets as investors were cautious in view of ongoing trade war between the US and China and preferred to log gains after yesterday's strong comeback.

Meanwhile, foreign portfolio investors (FPIs) continued selling on the domestic bourses here. They sold shares worth a net Rs 455 crore, while domestic institutional investors (DIIs) made purchases to the tune of Rs 611.98 crore on Thursday, provisional data showed.

Globally, in the Asian region, Japan's Nikkei fell 1.05 per cent, while Hong Kong's Hang Seng shed 0.51 per cent in their early deals. Shanghai Composite Index too down by 0.13 per cent.

The US Dow Jones Industrial Average ended a shade higher yesterday's trade.
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Company Price Change %Gain
Yes Bank 204.60 -8.00
Maruti Suzuki 7,453.95 1.15
Sun Pharma 517.45 -0.51
Reliance 1,090.70 -0.66
Axis Bank 621.50 1.44
Company Price Change %Gain
Yes Bank 204.85 -7.93
Maruti Suzuki 7,448.00 1.03
HUL 1,725.25 0.41
ITC 277.25 0.29
Jet Airways 275.35 6.83
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Company Price Change %Gain
Adani Ports 343.00 3.31
Titan Company 916.95 2.77
Tata Motors 181.60 2.71
Tech Mahindra 718.55 2.61
Hero Motocorp 2,909.20 2.17
Company Price Change %Gain
Adani Ports 342.90 3.47
Tata Motors 181.60 2.71
Hero Motocorp 2,911.70 2.01
Infosys 663.50 1.54
Kotak Mahindra 1,145.75 1.43
Top Losers
Company Price Change %Gain
Yes Bank 204.70 -7.96
Grasim 810.95 -7.46
Indiabulls Hsg 805.65 -4.01
UltraTechCement 3,846.30 -1.81
Bharti Infratel 257.60 -0.94
Company Price Change %Gain
Yes Bank 204.85 -7.93
Sun Pharma 516.75 -0.69
M&M 767.15 -0.42
Reliance 1,091.30 -0.44

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