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Market Live: Sensex tanks over 200 points, Nifty below 10,060 in opening trade

LiveMint logoLiveMint 22-09-2017 Livemint

Mumbai: The BSE Sensex opened lower on Friday against the previous session’s closing. The broader NSE’s Nifty, too, fell in the morning hours. The Indian rupee weakened past 65-mark against the US dollar. Pharma Stocks rose in early trading led by Dr. Reddy’s, Sun Pharma and Cipla, whereas shares of ICICI Bank, Tata Steel and Hindustan Unilever fell.

■ 9.27am: BSE Sensex opens lower by 190 points, or 0.59%, to 32,180, while the Nifty 50 rises 68 points, or 0.68%, to 10,053.

■ 9.20am: Pharma stocks were trading higher. Dr Reddy’s Laboratories Ltd rose 1.5%, Sun Pharma 1.1%, Lupin Ltd 1%, Cipla Ltd 1%, Ipca Laboratories Ltd 3.4%, Ajanta Pharma 3.2%, Dr Reddy’s Lab 1.5% and Glenmark Pharma 1.3%.

■ 9.18am: KNR Constructions Ltd rose 5.2% to Rs223 after the company said its joint venture won order worth Rs 884.47 crore from Government of Telangana

■ 9.15am: The home currency opened at 64.93 a dollar and touched a low of 65.11, a level last seen on 5 April. The rupee was trading at 65.10 a dollar, down 0.50% from its Thursday’s close of 64.80.

■ 9.13am: The 10-year bond yield was at 6.683%, a level last seen on 19 May, compared to its previous close of 6.675%. Bond yields and prices move in opposite directions.

■ 9.10am: Asian currencies were trading mixed. South Korean won was down 0.54%, Malaysian ringgit 0.25%, China Offshore 0.16%, Taiwan dollar 0.06%, Hong Kong dollar 0.05%. However, Japanese yen was up 0.64%, Philippines peso 0.25%, Indonesian rupiah 0.12%, China renminbi and Singapore dollar were up 0.05% each. The dollar index, which measures the US currency’s strength against major currencies, was trading at 91.993, down 0.29% from its previous close of 92.259.

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