Global sloth tells upon Indian indices during earrly hours

D-Street makes a flat start, rupee hits new low

Mumbai.

It’s a flat start to the market on this Friday morning, with the Nifty holding 10,950. The Street could be taking cues from tepid global cues.

The Sensex is up 5.58 points or 0.02% at 36356.81, while the Nifty is down 1.90 points or 0.02% at 10955.20. The market breadth is negative as 243 shares advanced, against a decline of 355 shares, while 61 shares are unchanged.

Sectoral indices are trading mixed, with cuts seen in PSU banks, while the midcap index is trading in the red. The Indian rupee has hit a fresh record low of 69.12 to the dollar.

Among shares, Reliance Industries is at an all-time high. Infosys and Hindalco are the other top index gainers, while Vedanta, Airtel, HPCL and BPCL are the top losers.

RIL at all-time high: Shares of Reliance Industries have hit a fresh record high on the BSE on Friday morning. The stock has witnessed a bullish momentum, gaining around 23 percent on the index so far in 2018.

Market at pre-open: Pre-opening rates have kicked in and the trends indicate that the indices could see a flat opening with a negative bias.

At 09:01 hrs IST, the Sensex is down 3.77 points or 0.01% at 36347.46, while the Nifty is up 14.90 points or 0.14% at 10972.00.

Some negativity is seen among stocks such as Wipro, HPCL as well as ICICI Bank along with Vedanta. Hindalco could also be on investors’ radar.

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