At 9:15 AM, the BSE Sensex opened lower by 12 points at 28827, while the Nifty50 opened lower by 16 points at 8883 mark.
Bharti Infratel is the top Nifty gainer and Infosys is the top Nifty loser in the morning hours. Bharti Infratel is trading at Rs 295 per share up by 1.9%. Infosys is trading at Rs 1008 per share down by 1.5%.
There are 579 advances, 796 declines and 485 unchanged stocks on NSE reflecting some negative bias floating in the market.
Nifty50 has immediate support placed at the level of 8,860 and the next support level placed at 8810. On the upside, Nifty50 has immediate hurdle around the level of 8,925 and, thereafter, the next major hurdle in the range of 8,980-9,000.
L&T won order worth 2170 cr. The stock is trading at Rs 1469 per share down by 0.3%.
The rupee opened at 66.87 per dollar lower by 17 paise.
Asian markets are trading in negative territory. Nikkei 225 is trading lower by 92 points; shanghai Composite index is trading lower by 12 points; SGX Nifty is trading lower by 42 points.
FTSE 100 closed lower by 0.55 points; CAC 40 cloesd higher by 3 points; German DAX closed lower by 8 points in Thursday’s trading session.
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