The Indian stock market has opened in red as the Sensex is down 31 points, while the Nifty 50 is down 11 points. Banking stocks slipped in opening trade after RBI hikes CRR on incremental deposits. The central bank hopes to curtail surging banking system liquidity that risks stocking inflation.
The BSE Sensex is trading at 26357, up a mere 41 points, while the NSE Nifty is trading at 8,128 up mere 13 points. Out of 1,865 stocks traded on the NSE, About 1349 shares have advanced, 676 shares have declined and 110 shares are unchanged. Indian Rupee opened marginally lower by 0.14 paise at 68.60 per dollar.
A total of 10 stocks registered a fresh 52-week high in the trade today, while five stocks touched a new 52-week low on the NSE.
Maximum BSE sector is trading with minor positive leads. The BSE Mid-cap Index is trading marginally up 95 points at 12,278, whereas BSE Small-cap Index is trading up 101 points at 12,129. In commodity market, Gold gained 187 points at 28,785 and Sliver hiked 562 points at 41,060.
Asian market Updates: Japan's index Nikkei declined 38 points to 18343, Hong Kong's index Hang Seng jumped up 182 points at 22906 and China's index live 17 points up at 3279.
Some buying activity is seen in media, metal, auto, pharma, and IT sectors, while PSU Bank, Bank Nifty and Private Bank are showing weakness on NSE. Falling crude prices cooled Asian shares, while the dollar has stepped back against Asian peers. India’s foreign exchange reserves fell for the second consecutive by $1.542 bn to $365.5 bn in the week ended Nov 18.
Get Intraday Tips