Equity
benchmark indices turned red in the opening session on Friday. The indices were
moving between gains and losses through mid-morning session.
At
10.50am, the Sensex was trading at 39488-level, down 41 points while the Nifty at
11833.45, down 10 points.
Dr.
Reddys, Cipla, AdaniPorts, Britannia and Reliance were among major lowers on
Nifty while IndiaBulls Housing finance, Vedanta, BhartiInfratel, IndusInd Bank
and Wipro led the gains.
The Nifty sectoral
indices were trading in mixed trends. The NiftyBank, financial Service indices
recovered their early losses and are trading marginally higher by about 0.31%
each, at this time. Also, IT, Metal, PvtBank and Realty indices are trading in
the green.
Nifty
Pharma index falls the most by 1.19% with major losses in Biocon, Dr.Reddys,
Glenmark and Cipla.
Shares of JSW Steel trade higher by 0.54% at Rs.268.15 after the company informed that it has agreed to acquire the full stake of PiombinoSteel Ltd from JSW TechnoProjects Ltd.
Free Intraday Trading tips, MCX Free Tips, Commodity tips and Stock Tips
Read the full article