Live Stock Market Updates – Infosys continues to drag Nifty and Sensex

Benchmark indices continue to trade in negative territory. Broader market indices are also showcasing bearish undertone extending losses.
 
Meanwhile, Nifty FMCG index is the only gainer among sectoral indexes on NSE, The index is up 0.83% at 25,723 level
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ITC is the top index gainer and contributing majorly to index gains. The stock is soaring higher by 1.30% at Rs 283.65 per share on NSE.
 
Other stocks in the index viz. Colgate Palmolive is up 1.18% at Rs 1072.20 per share, GlaxoSmithKline Consumer Healthcare is up 1.02% at Rs 5350 per share.
 
On the contrary, United Spirits is down 1.01% at Rs 2575 per share, United Breweries is down 0.73% at Rs 800 per share.
 
At 12 PM, the S&P BSE Sensex is trading at 31,536 down 258 points, while Nifty is trading at 9838 down 65 points. A total of 16 stocks registered a fresh 52-week high in trade today, while 26 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading down 0.17% at 15,202, while BSE Small-cap Index is trading down 0.66% at 15,590.
 
Some buying activity is seen in Telecom, Consumer Durables and Energy indices, while Finance, Healthcare and IT indices are showing weakness on BSE.
 
BPCL, Bharti Infratel and Gail are among the gainers, whereas Infosys, Sun Pharma and Zee Entertainment Enterprises are losing on the NSE.
 
The INDIA VIX is up 0.88% at Rs 14.4.

Opening Bell – Markets open lower, Infosys slips over 5%

At 9:15 AM, Nifty opened at 9,865 level, down by 63 points while Sensex opened at 31,729 level, down by 226 points.
 
Bharti Infratel was top Nifty gainer trading at Rs 386.30 per share, up by 1.83% whereas Infosys was top Nifty loser trading at Rs 968.95 per share, down by 5%. India VIX was trading at 14.31 level, down by 0.20%. Bank Nifty index was trading down by 174 points at 24,057 level.
 
On the broader markets, BSE Mid-cap index was trading at 15,158 level, down by 73 points while BSE Small-cap index was trading at 15,602 level, down 92 points.
 
Rupee opened at 64.17 per USD.
 
Infosys was the top nifty loser on the back of the resignation of Vishal Sikka as MD and CEO of Infosys.

US stocks fall sharply on Thursday as heightened concerns about President Donald Trump’s legislative agenda. The Dow Jones Industrial Average tumbled 274 points to close at 21,751, postinf 1-day biggest fall. The Nasdaq Composite Index plummeted 123 points to 6,212. The S&P 500 shed 38 points to 2,430.
 
Asian markets slipped lower in early trade on Friday on back of sell-off in the U.S market. Japan’s Nikkei 225 has decline 216 points.  Hong Kong Hang Seng has tumble 308 points. China’s Shanghai Composite has lost 10 points.