Nifty gives up 11,400, Sensex opens over 150 points lower; banks drag

Selling is visible among major sectoral indices, with maximum cuts seen in banks as well as metals. A weaker rupee is boosting stocks in the tech space.

Coming back after a trading holiday on Wednesday, equity benchmarks have resumed the truncated week on a negative note, with the Nifty giving up 11,400 in the opening tick. The Sensex is lower by over 150 points.

At 09:15 hrs IST, the Sensex is trading lower by 183.89 points or 0.49% at 37668.11, while the Nifty is down 56.80 points or 0.50% at 11378.30. The market breadth is narrow as 326 shares advanced, against a decline of 326 shares, while 69 shares are unchanged.

Selling is visible among major sectoral indices, with maximum cuts seen in banks as well as metals. A weaker rupee is boosting stocks in the tech space, while pharmaceuticals are trading around half a percent higher.

Among stocks, Kotak Mahindra Bank is down 2 percent following a regulatory issue, while Sun Pharma is up around 2 percent on the back of good results for the June quarter.

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Source: https://www.moneycontrol.com/news/business/markets/market-live-nifty-gives-up-11400-sensex-opens-over-150-points-lower-banks-drag-2847351.html