Market Opening: Red opening for indices on mixed global cues; Wipro in focus

The benchmark indices trading lower at opening on Mixed global cues as US markets ended higher but SGX was trading red at opening.

The benchmark indices trading lower at opening on Mixed global cues as US markets ended higher but SGX was trading red at opening. Analysts say – The markets will continue the bullish momentum as it gained post MPC if the Nifty holds above 11000.

At 9:16 IST, Sensex was down 138 points or 0.36% at 37887, Nifty opened down 31 points or 0.28% at 11168. Nifty Bank – down by 127 points or 0.59% to 21515.

Yesterday, Sensex closed 362 points, or 0.96 percent, higher at 38,025.45 on and the Nifty ended the day at 11,200.15, up 99 points, or 0.89 percent.

Mindspace REIT to make debut today in the markets. The IPO of Rs 4500 Crore was subscribed 13 times from July 27-29.

Stocks like Vodafone-Idea, Wipro, Lupin, HPCL, Yes Bank to be in focus for the trading session today.

Highlights as of Market Opening:

  • Mixed global cues lead to lower opening for benchmark indices.
  • UPL stands as the top gainer of Nifty up by 1.65%.
  • HCL Tech  the top loser of Nifty down by 1.41% at opening.
  • At opening, 821 shares advanced and 417 declined (Nifty).

Results Today:

Mahindra & Mahindra, Cipla, Siemens, Abbott India, Aditya Birla Capital, Adani Transmission, Alkem Laboratories, Bata India, Alphageo (India), Amara Raja Batteries, Amber Enterprises India, Andhra Paper, Automotive Axles, Balrampur Chini Mills, BEML, Birla Corporation, Container Corporation of India, Emami, Entertainment Network India (ENIL), FDC, Finolex Industries, Indo Rama Synthetics, Kajaria Ceramics, Mahanagar Gas, Nucleus Software Exports, Punjab & Sind Bank, REC, Shipping Corporation of India, Sobha, Sudarshan Chemical Industries, etc.

One stock under F&O Ban today:

Canara Bank.

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