Market Trade Lower, Latest Tend In Stocks

Market start negative move on Friday morning as weak global cues. The BSE Sensex traded lover over 365 points at 34,414-mark, while the NSE Nifty is down over 112 points to 10,341.

Gail India, HPCL, Infratel, IOC, Sun Pharma have started trading with gains, while Indiabulls , Reliance, Yes bank began in loses.

Among sectoral indices on the NSE, Nifty media, Nifty metal, Nifty Pharma and PSU Bank spaces are trading in green. Nifty IT index trade lower 2.77 percent to 14,535.90 with Mindtree, HCL Tech, Infosys, Tech Mahindra, TCS, Wipro, Tata Elxi were major falling components.

 

Reliance shares traded lower 5.46%, while Indiabulls HF continued its downtrend, falling 8.29 percent.

The domestic currency, Rupee opened flat at 73.62 per US dollar against previous close of 73.61.