Mumbai, November 10: Ahead of the GST Council meeting today, key Indian equity domestic indices- BSE Sensex and NSE Nifty opened on a negative note during early morning trade on Friday. BSE Sensex was down by over 67 points or 0.20% at 33,183.28 while the wider Nifty was down by over 11 points or 0.11% at 10,297.75. The rupee opened at 65.07 a dollar and was trading at 65.08 against the dollar. The home currency was down 0.23% from its Thursday’s close of 64.94. The rupee traded lower and headed for its biggest weekly drop in seven weeks.
Heavyweights like SBI, M&M, Oil India, Nestle India, Allahabad Bank, BEML, Bank of India, BPCL, Bosch, DLF, Dena Bank, HSIL, Hindustan Copper, IL&FS Transportation among others are scheduled to report their quarterly earnings during the day.
At 3.30 PM: Markets ended in green after stocks pared their early losses to trade flat in late morning session amid lower Asian cues on uncertainty in US tax reforms. Sensex closed 63 points up or 0.19% at 33,314.56 while the wider Nifty was up by over 12 points or 0.12% at 10,321.75.
At 1.30 PM: Markets traded flat during afternoon trade on Friday. Sensex was marginally up at 33,254 while the wider Nifty was down at 10,301. The State Bank of India (SBI) reported a 37.7 per cent drop in standalone net profit at Rs 1,581.55 crore for quarter ended September 30.
At 12.30 PM: Markets traded in red during afternoon trade. Sensex was down by over 53 points or -0.16% at 33,197.09 while the wider Nifty was down by over 17 points or 0.17% at 10,291.00.
At 11.30 AM: Markets traded flat. BSE Sensex was marginally up at 33,252.00 while the wider Nifty was up at 10,309.25. Among BSE sectoral indices, capital goods gained the most by 2.43 per cent, which was then followed by realty 1.68 per cent, infrastructure 0.97 per cent and consumer durables 0.88 per cent.
At 10.20 AM: Sensex was down by over 48 points or 0.15% at 33,202.46 while the wider Nifty was down by over 18 points or 0.18% at 10,290.55 after banking, telecom, auto, oil & gas, and pharma stocks declined following weak global cues. All the sectoral indices led by metal, auto and oil & gas were trading in the negative terrain, falling by up to 0.92 per cent.
On Thursday, Sensex, which had lost 512.38 points in the previous two sessions, edged up 32.12 points, or 0.10 per cent, to close at 33,250.93 after trading between 33,463.80 and 33,111.54 while the wider Nifty ended flat, up 5.80 points, or 0.06 per cent, at 10,308.95. Intra-day, it touched a high of 10,368.45 and a low of 10,266.95. As per reports, stocks got back to consolidation mode in a see-saw session today as the Sensex closed high after two sessions of fall, ahead of the outcome of the GST Council meet amid a good set of earnings from Tata Motors. Expectations that the GST (Goods and Services Tax) Council may offer relief to some sectors through reduction in tax rates at its meeting on Friday supported the rebound, traders said.