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1-min read

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
Image for representation only.
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.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
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SBI 352.10 3.22
Reliance 1,364.85 1.82
IndusInd Bank 1,594.00 4.94
ICICI Bank 417.30 2.95
Yes Bank 144.10 4.76
Company Price Change %Gain
Larsen 1,515.00 3.73
SBI 351.90 3.24
Reliance 1,364.00 1.74
Yes Bank 144.00 4.58
Adani Enterpris 168.75 6.84
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Company Price Change %Gain
Adani Ports 415.30 7.60
Zee Entertain 360.00 5.20
IndusInd Bank 1,604.55 5.64
Yes Bank 144.10 4.76
BPCL 402.30 4.70
Company Price Change %Gain
IndusInd Bank 1,591.50 4.87
Yes Bank 144.00 4.58
Hero Motocorp 2,795.90 3.60
Larsen 1,514.15 3.67
SBI 351.65 3.17
Top Losers
Company Price Change %Gain
ITC 291.30 -2.82
Eicher Motors 20,837.90 -1.82
Vedanta 163.40 -1.74
HDFC Bank 2,375.00 -1.28
TCS 2,056.20 -1.23
Company Price Change %Gain
Vedanta 163.40 -1.83
Tata Motors 178.75 -0.39
ONGC 177.40 0.48
Sun Pharma 419.90 -0.18

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