Mumbai, July 5 (IANS) India equity indices opened in the red on Friday following profit booking in largecap stocks.
At 9:50 a.m., Sensex was down 510 points or 0.64 per cent at 79,538 and Nifty was down 88 points or 0.36 per cent at 24,214.
Broader markets are in an uptrend. On the National Stock Exchange (NSE), 1213 shares are in the green and 1001 shares are in the red.
Buying is seen in the smallcap and midcap stocks. The Nifty midcap 100 index is up 60 points or 0.11 per cent at 56,679 and the Nifty smallcap 100 index is up 47 points or 0.25 per cent at 18,840.
In the Sensex pack, HUL, L&T, JSW Steel, Wipro, Sun Pharma, NTPC and SBI are the top gainers. HDFC Bank, M&M, Tata Steel, Titan, Power Grid, and Bajaj Finance are the top losers.
Banking stocks are leading the market fall. Nifty Bank is down more than 700 points.
Deven Mehata, Research Analyst at Choice Broking said, “Nifty can find support at 24,200 followed by 24,100 and 24,000. On the higher side, 24,400 can be an immediate resistance, followed by 24,450 and 24,500.”
Mixed trading is taking place in the markets of Asia. Tokyo, Shanghai, and Hong Kong are in the red. Jakarta, Bangkok and Seoul are in the green. The US markets were closed on Wednesday.
The foreign institutional investors (FIIs) extended their buying as they bought equities worth Rs 2,575 crore on July 4, while domestic institutional investors extended their selling as they sold equities worth Rs 2,375 crore.
–IANS
avs/dpb
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
