Nifty hovers around 10,650 mark; HCL Tech slips 4%

On the sectoral front, auto, realty, media, FMCG, energy, and financial services stocks are trading in the green, while IT, banking, and metal indices are showing weakness today.

Dec 07, 2018 04:12 IST India Infoline News Service

SENSEX NIFTY
Equity benchmark indices opened higher on Friday after US Fed Reserve signalled a pause in rate hikes. Both the indices fell by over 1.5% in the previous session.

The Sensex is up 197 points or 0.56% at 35,509, and the Nifty is trading higher by 44 points or 0.42% at 10,645. ~969 shares advanced, 546 shares declined, and 528 shares remained unchanged.

Shares of HCL Tech fell 4% after the company agreed to buy software assets worth $1.8bn from IBM. Read more

Shares of Jet Airways gained 2% after a media report stated that Etihad Airways PJSC of Abu Dhabi has offered to guarantee loans worth $150mn that Jet Airways needs to keep the airline operational.

The rupee opened 35 paise higher at 70.55/$ today amid a fall in oil prices ahead of the crucial OPEC meet outcome, due later in the day.

On the sectoral front, auto, realty, media, FMCG, energy, and financial services stocks are trading in the green, while IT, banking, and metal indices are showing weakness today.

Dr. Reddy’s, Cipla, Zee, Asian Paints, and IOC were the top Nifty gainers, while HCL Tech, GAIL, Wipro, Tech Mahindra, and Tata Motors were among the top losers.

The BSE Midcap and BSE Smallcap indices were trading higher by 0.50% each.

Volatility index India VIX is down 6.99% to 17.95.

The most active stocks were HCL Tech, Sun Pharma, Yes Bank, Sun Pharma, and Indiabulls HF.

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