The equity markets on Friday opened flat with key sectors like IT and banking losing heavy.
The 30-share BSE Sensex which had closed a few decimal points below the 35,600-mark yesterday opened with a 50-odd point lead on Friday morning and has been trading sedate in morning session. The broader 50-share NSE Nifty was testing its 10,800-levels. Nifty was able to maintain its 10,800 mark yesterday.
Also read: Rupee slips 13 paise on dollar demand
Markets took a negative turn on Thursday after the US raised key lending rates and closer home, the current account deficit data cut a sorry figure.
IT and pharma sectoral sub-indices were losing 1.50 per cent each. The overall health of the markets was kept in shape by Nifty Pharma, which was up almost 2 per cent.
Dr Reddy, Sun Pharma, TCS and Infosys were topping the charts on Friday morning.
As an independent media platform, we do not take advertisements from governments and corporate houses. It is you, our readers, who have supported us on our journey to do honest and unbiased journalism. Please contribute, so that we can continue to do the same in future.
