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The Indian Intraday market opened flat with negative bias on Friday. The Sensex fell 26.73 points to 28824.24 and the Nifty declined 2.40 points to 8709.30. About 434 shares have advanced, 225 shares declined, and 149 shares are unchanged. M&M, HDFC Bank, Bharti Airtel, Hero Motocorp, BPCL, Bank of Baroda and DLF were down 0.4-1.8 percent while Cipla, ONGC, Hindalco, Sesa Sterlite, Reliance Industries and Cairn India gained 0.8-2.5 percent.
The Indian rupee opened at 61.69 per dollar on Friday against previous day's closing value of 61.73 a dollar. The S&P BSE Sensex started on a cautious note in trade on Friday, weighed down by losses in Tata Motors, ITC, L&T, Infosys and Tata Steel. Tracking the momentum, the 50-share Nifty index was trading flat with a negative bias around its crucial psychological level of 8700, led by losses in auto, banks, capital goods and power stocks.
Equities ended flat after the European Central Bank (ECB) put more pressure on Greece to come to an agreement with its lenders over the future of its bailout program. Greek markets closed down 3 percent. Asian equities followed Wall Street higher but apprehension about Greece’s bailout program may cap gains. In other asset classes, Nymex crude prices jumped about 4 percent as falling output and rising violence in Libya.
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The Indian Intraday market opened flat with negative bias on Friday. The Sensex fell 26.73 points to 28824.24 and the Nifty declined 2.40 points to 8709.30. About 434 shares have advanced, 225 shares declined, and 149 shares are unchanged. M&M, HDFC Bank, Bharti Airtel, Hero Motocorp, BPCL, Bank of Baroda and DLF were down 0.4-1.8 percent while Cipla, ONGC, Hindalco, Sesa Sterlite, Reliance Industries and Cairn India gained 0.8-2.5 percent.
The Indian rupee opened at 61.69 per dollar on Friday against previous day's closing value of 61.73 a dollar. The S&P BSE Sensex started on a cautious note in trade on Friday, weighed down by losses in Tata Motors, ITC, L&T, Infosys and Tata Steel. Tracking the momentum, the 50-share Nifty index was trading flat with a negative bias around its crucial psychological level of 8700, led by losses in auto, banks, capital goods and power stocks.
Equities ended flat after the European Central Bank (ECB) put more pressure on Greece to come to an agreement with its lenders over the future of its bailout program. Greek markets closed down 3 percent. Asian equities followed Wall Street higher but apprehension about Greece’s bailout program may cap gains. In other asset classes, Nymex crude prices jumped about 4 percent as falling output and rising violence in Libya.
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