The domestic market opened flat and turned negative in lacklustre morning trade. The Nifty50 was hovering around its key 8,850 level.
At 10:40 AM, the S&P BSE Sensex is trading at 28,739 down 34 points, while NSE Nifty is trading at 8,855 down 12 points.
The BSE Mid-cap Index is trading up 0.41% at 13,348 whereas BSE Small-cap Index is trading up 0.45% at 13,007.
RIL, L&T, Dr.Reddy's, M&M, TCS, Coal India, Sun Pharmaceuticals and Adani Ports are among the gainers, whereas Axis Bank, Tata Motors, Infosys, Bharti Airtel and GAIL are losing sheen on BSE.
Some buying activity is seen in realty, consumer durables, capital goods, energy and pharma sectors, while banking, power, finance, FMCG and IT sector are showing weakness on BSE.
The INDIA VIX is up 0.20% at 13.3675. Out of 1,865 stocks traded on the NSE, 697 declined, 801 advanced and 367 remained unchanged today.
A total of 32 stocks registered a fresh 52-week high in trades today, while 13 stocks touched a new 52-week low on the NSE.
Morepen Laboratories Ltd is currently trading at Rs. 26.3, up by Rs. 1.5 or 6.05% from its previous closing of Rs. 24.8 on the BSE. The company is in talks with Ajay Piramal Group to sell its OTC (over-the-counter) business of market leading brands such as Burnol as it plans to monetise some of its mainstream brands when larger rivals look to expand their consumer product portfolio, as per media reports.
Asian markets opened mixed on Friday. Shanghai Composite and Nikkei 225 are in red, while Hang Seng is trading marginally up.
Wall Street closed higher on Thursday, with the Nasdaq having another record-setting session. The Dow Jones industrial average gained 0.54% to close at 18,392.46 points. The Nasdaq advanced 0.84% to close at 5,339.52 points.
On the political front, the GST will be rolled out on 1 April, members at the first meeting of the GST council decided by consensus on Thursday. The government expects to mobilise more than Rs8.20bn from the fifth tranche of Sovereign Gold Bond (SGB) scheme, and the next tranche will be launched with more attractive features before Diwali.
The government has named three outside experts as members of the Monetary Policy Committee (MPC) of the Reserve Bank of India, moving to a model followed in the developed world. The six-member MPC—the other three members are from the RBI—will conduct its first monetary policy review on 4 October, Urjit Patel’s first as RBI governor.
The rupee opened lower by three paise at 66.69/$ against US Dollar Friday as against the previous close of 66.66/$.
At 10:40 AM, the S&P BSE Sensex is trading at 28,739 down 34 points, while NSE Nifty is trading at 8,855 down 12 points.
The BSE Mid-cap Index is trading up 0.41% at 13,348 whereas BSE Small-cap Index is trading up 0.45% at 13,007.
RIL, L&T, Dr.Reddy's, M&M, TCS, Coal India, Sun Pharmaceuticals and Adani Ports are among the gainers, whereas Axis Bank, Tata Motors, Infosys, Bharti Airtel and GAIL are losing sheen on BSE.
Some buying activity is seen in realty, consumer durables, capital goods, energy and pharma sectors, while banking, power, finance, FMCG and IT sector are showing weakness on BSE.
The INDIA VIX is up 0.20% at 13.3675. Out of 1,865 stocks traded on the NSE, 697 declined, 801 advanced and 367 remained unchanged today.
A total of 32 stocks registered a fresh 52-week high in trades today, while 13 stocks touched a new 52-week low on the NSE.
Morepen Laboratories Ltd is currently trading at Rs. 26.3, up by Rs. 1.5 or 6.05% from its previous closing of Rs. 24.8 on the BSE. The company is in talks with Ajay Piramal Group to sell its OTC (over-the-counter) business of market leading brands such as Burnol as it plans to monetise some of its mainstream brands when larger rivals look to expand their consumer product portfolio, as per media reports.
Asian markets opened mixed on Friday. Shanghai Composite and Nikkei 225 are in red, while Hang Seng is trading marginally up.
Wall Street closed higher on Thursday, with the Nasdaq having another record-setting session. The Dow Jones industrial average gained 0.54% to close at 18,392.46 points. The Nasdaq advanced 0.84% to close at 5,339.52 points.
On the political front, the GST will be rolled out on 1 April, members at the first meeting of the GST council decided by consensus on Thursday. The government expects to mobilise more than Rs8.20bn from the fifth tranche of Sovereign Gold Bond (SGB) scheme, and the next tranche will be launched with more attractive features before Diwali.
The government has named three outside experts as members of the Monetary Policy Committee (MPC) of the Reserve Bank of India, moving to a model followed in the developed world. The six-member MPC—the other three members are from the RBI—will conduct its first monetary policy review on 4 October, Urjit Patel’s first as RBI governor.
The rupee opened lower by three paise at 66.69/$ against US Dollar Friday as against the previous close of 66.66/$.
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