Muted openings were registered in stock market India on Friday 24, 2018. Domestic equity benchmarks– Nifty tested 11,550, whereas Hexaware jumped 12 percent. It reflected the somber mood in other Asian markets as the talks regarding US-China trade has finished up without any major breakthrough.
It is stated that two-day talks between China and the United States ended up without coming to the proper conclusion related to trade dispute. Therefore, the weak global cues hit the sentiment at home. Nikkie rose up slightly, whereas, major Asian markets suffered losses by up-to half-a-percent.
The Nifty opened at 11, 566.00. The 30-share Sensex began its day with 38, 336.79.
On Friday, the fall in rupee crushed the sentiment of many investors. During the course of time, the rupee was trading at 70. 18, down by 35 paise
On buying a few products and services from sectors such as a select bank, financial, power, metal and auto stocks raised a stock market India slightly.
The Nifty plunged up by 8 points at 11,590, while the Sensex was 60 points up at 38, 393, around 9:30 a.m. In the Nifty Index, 24 stocks were advancing compared with the 26 stocks that were declining at another side. There were 12 stocks in the red, while the 9 stocks in the green at the same time, recorded by the Sensex.
Few top contributors to the rise in the Sensex are Axis Bank, HDFC and Reliance Industries. Whereas, FMCG, Pharma and telecom indices were under pressure, as reported by The Economic Times.
Stock Market India Afternoon Updates
On Friday, 24th August, 2018, in afternoon trade, shares of Mindtree (down 2.37 percent), Tata Elxsi (down 2.11 percent), KPIT Technologies (down 1.49 percent), Infosys (down 0.63 percent), Tech Mahindra (down 0.59 percent) and HCL Technologies (down 0.25 percent) were recorded.
Around 12:50 pm, the Nifty Index was trading at 0.20 percent down at 15, 291. Infibeam Avenues (up 2.46 percent), Wipro (up 0.69 percent) and Tata Consultancy Services (up 0.34 percent) were in the green index at the same time, as reported by The Economic Times.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]