Opening Bell
LIVE market updates: Mirroring the weak trend in Asian markets, amid the emergence of a new, highly mutated Covid-19 variant, benchmark indices started gap-down on Dalal Street on Friday.
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The BSE Sensex tumbled 730 points, or 1.24 per cent, in early deals to quote at 58,065 in morning trade. The NSE Nifty, too, shed 207 points to test 17,300.
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In the broader markets, the BSE MidCap and SmallCap indices dropped 1 per cent each.
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Pre-open session
LIVE market updates:
Equities are trading with sharp cuts in the pre-open session. At 9:05 AM, the S&P BSE Sensex was down 343 points at 58,452 levels. The NSE Nifty, too, fell 234 points at 17,300 level.
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Updated at 8:15 AM
LIVE market updates: Indices may come under pressure on Friday as SGX Nifty is trading over 150 points lower at 17,409 levels.
Going ahead, future growth prospects and faster economic recovery are some of the factors in favour of the bulls, while persistent FII selling, quicker withdrawal of stimulus and change in interest rate trajectory weigh on the market sentiment.
Among individual stocks, Tarsons Products will be in focus today as the stock makes its debut on the bourses. The issue price was fixed at Rs 662 per share.
Global Markets
The US markets were shut for trading on Thursday owing to the Thanksgiving holiday, the trading hours will be shorter for Friday as well. Meanwhile, Brent and WTI Crude declined 0.1 per cent and 0.5 per cent to $82.17 and $78.03 a barrel, respectively.
Asian markets were witnessing a sea of red this morning as the US dollar further strengthened on hopes of a faster rate hike in the US. Japan’s Nikkei had plunged 2 per cent. Straits Times was down nearly a percent. Shanghai Composite, Kospi and Taiwan were down 0.2-0.4 per cent, each.
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