Mumbai, August 11: Key Indian equity indices-BSE Sensex and NSE Nifty opened in red on Friday after snapping back into loss for the fourth straight day on Thursday. BSE Sensex opened 303 low or -0.89% at 31,227 while the wider NSE Nifty opened 97 points low at 9,722 during early morning trade on Friday. On Thursday, benchmark Sensex plunged 267 points to hit a one-month low of 31,531 while the wider Nifty crashed below 9,900due to a drop in global shares caused due to a stand-off between the US and North Korea.
Sentiment continues to remain depressed, largely in sync with weak Asian markets. Markets have been going through a consolidation phase after hitting life highs last week. Moreover, the markets have already been reeling under the regulatory clampdown after Sebi’s Monday directive imposing trading restrictions on suspected shell companies.
At 3.40 PM: Sensex closes 317 points low at 31,213, Nifty closes 109 points low at 9,710. The major gainers in BSE Sensex were Dr Reddy with 2011.35 points up followed by Wipro, Axis Bank and Lupin with 289.90, 489.95 and 941.25 up. Similarly, the major losers in BSE Sensex on Friday were Reliance with 1546.55 points low, M&M with 1345.00 low and SBIN with 280.65 points low.
At 3.08 PM: Benchmark Sensex was low by 333 points or -1.06% at 31,198 while Nifty 116 points low at 9,703.95.
At 1.45 PM: BSE Sensex and NSE Nifty continued to trade deep in the red during the post-afternoon session. Sensex was down by 320 points or -1.02% at 31,211.16 while the wider Nifty traded 101.45 low or -1.03% at 9,718.80. According to market observers, investors booked profits ahead of quarterly results announcements of major companies like State Bank of India, Bank of Baroda, BPCL, Cipla and Hindalco, among others.
At 12 Noon: After domestic indices traded in red in the morning trade on Friday, BSE Sensex was trading 199 points low or -0.63% at 31,332.01 while Nifty dipped 64 points low to trade at 9,755.45.
At 10.30 AM: Benchmark BSE Sensex was 258 points low or -0.82% at 31,273.33 while the wider Nifty traded 86.85 points low or -0.88% to trade at 9,733.40.
Sensex opened low on Thursday and hit a low of 31,422.80 before settling down 266.51 points, or 0.84 per cent, at 31,531.33. The level was last seen on July 7 when it ended at 31,360.63. The gauge had lost 527.57 points in the previous three sessions. Meanwhile, Nifty ended the day at 9,820.25, down 87.80 points, or 0.89 per cent. Reports by PTI state that lower-than-expected earnings by Tata Motors, Eicher Motors and a few others soured risk appetite. Tata Motors emerged as the top loser among Sensex constituents by slumping 8.60 per cent after the company’s June quarter earnings failed to meet market expectations.