The benchmark indices on Friday opened negative as backed by negative to mixed global cues earlier in the morning as SGX opened lower losing 51 points leading to a slow start to Indian markets. Coronavirus cases in the country continue to rise leaving the economy shattered.
At Opening Bell, Sensex was trading at 37851.87 down by 288.60 points or 0.76%, Nifty trading at 11137.40 down by 78 points or 0.70%% and Nifty Bank at 22758.95 down by 324.95 points or 1.41%.
Previously at close, Sensex was trading up by 268.95 points or 0.71% at 38140.47; Nifty at 11235.85 up by 103 points or 0.93% as Bank and Auto stocks gain.
Rossari will be in focus as the chemical stock surged over 70% at debut opening on Thursday with the day’s high at 810 after issuing shares in IPO at Rs 425. ITC ahead of its quarter results will be in focus in the early trade.
Key Points:
- Benchmark indices backed by the positive global cues trading flat to negative at opening with stocks like Rossari, ITC, Wipro, Lupin in focus.
- At market opening, Sun Pharma stands as the top gainer of Nifty up by 3.50%.
- HDFC stands as the top loser of Nifty down by 2% at market opening.
Results Today:
ITC, Asian Paints, Ambuja Cements, JSW Steel, Zee Entertainment Enterprises, Atul, Bharat Road Network, CCL Products, Chennai Petroleum Corporation, Confidence Petroleum India, Coromandel International, Crompton Greaves Consumer Electricals, GHCL, Jay Shree Tea, Sintex Plastics Technology, TCI Express, Texmo Pipes, Welspun India, etc.
Stocks under F&O ban:
Adani Enterprises, Bharat Heavy Electricals, Glenmark Pharmaceuticals, GMR Infrastructure, Vodafone Idea, Jindal Steel & Power, L&T Finance Holdings, Mahindra & Mahindra Financial Services, National Aluminium Company, Steel Authority of India and Sun TV are under the F&O ban for July 24.
