Stock Market Opening Bell: Sensex Tanks Over 100 Points, Nifty Slips To 12,243 (Photo Credit: File Photo - PTI Image)
After witnessing positive trade for the two consecutive days, Indian stock markets on Friday opened in the red. Market benchmark BSE Sensex saw a de-growth of more than 100 points in early trade today as global equities turned negative after the US strike killed a top Iranian general, fuelling fears of a conflict in the oil-rich region. It is to be noted that in the opening session, the 30-share index was trading 107.35 points or 0.26 per cent lower at 41,519.29. Also, the NSE Nifty was quoting 39.10 points, or 0.32 per cent, down at 12,243.10.
According to a report of PTI, Asian Paints, Tata Steel, HDFC Bank, Mahindra and Mahindra, HUL, IndusInd Bank, and Maruti were the top losers in the Sensex pack. Whereas, ONGC, TCS, Infosys, HCL Tech, Tech Mahindra, Sun Pharma, and Hero MotoCorp were the top gainers.
Bourses in Shanghai, Hong Kong and Seoul were trading in the red, while those in Tokyo remained closed for New Year holidays. In the meantime, the rupee depreciated 17 paise to 71.56 against the US dollar in the morning session.
On Thursday, the 30-share gauge ended 320.62 points, or 0.78 per cent, higher at 41,626.64. The NSE Nifty closed 99.70 points, or 0.82 per cent, up at 12,282.20 -- its new closing record. On the other hand, the Shares on Wall Street ended on a high note.