Opening Bell: Markets open lower amid weaker global cues, banks, oil and gas, metal shine
On Thursday morning the markets opened marginally lower, owing to weaker global cues.
Crude oil price decreased slightly and was trading at USD 120 per dollar, whereas Gold prices also increased by 3 per cent. The Nasdaq was down by 1.32 per cent at market close on Wednesday, whereas the Asian markets also mimicked the weaker sentiments and were trading 0.50 per cent lower
The Sensex is at 57,670.07, down by 14.75 points or 0.03 per cent whereas the Nifty 50 is at 17,244.05 down by 3 points or 0.02 per cent, maintaining the 17,000 mark.
BSE Midcap was trading at 23,926.1 up by 0.56 per cent and BSE Smallcap was at 27,988.32, up by 0.51 per cent. Similarly, Nifty Midcap 100 was at 29,326.20 up by 0.65 per cent and Nifty Smallcap 100 was at 10,348.65, up by 0.37 per cent.
The top gainers on the frontline indices this morning were Dr Reddy’s laboratories, UltraTech Cement, NTPC, ITC, TCS, Coal India, ONGC, and Hindalco Industries. Likewise, the top losers were Kotak Mahindra Bank, Titan Company, Divi’s Labs, HDFC Bank, ICICI Bank, and Asian Paints.
On the BSE, 1,75 shares have advanced,1,145 shares have declined and 121 shares are unchanged. Also, 157 stocks have hit their upper circuit and 169 stocks have hit their lower circuit.
The top trending stocks on BSE, this morning is Jindal Steel, Zee Entertainment Enterprises, Kotak Mahindra Bank, Tata Power, Suven Pharmaceuticals, Hindustan Petroleum, Emami, and L&T Financial Services.
On the sectoral front, consumer durables, and financial services stocks are dragging, whereas metal, FMCG, oil & gas, media and private bank sectors are driving the indices higher by almost 1 per cent.