Today’s stock market opening update: Sensex, Nifty Open Flat, Rupee Opens 26 Paise Higher; Highlights Include Glenmark Pharma, IdeaForge, and JSW Steel
In the early morning trading session on Friday, the main indexes in India started unchanged. The Nifty was down 5.80 points or 0.03% at 19,736.50 while the Sensex was down 18.02 points or 0.03% at 66,212.22.
The Nifty broke below 19,750 on Thursday, and the Indian market benchmark closed down for the third session in a row. The Nifty fell 159.10 points or 0.80% to 19,742.30, while the Sensex fell 570.60 points or 0.85% to 66,230.24.
All sectoral indexes finished down, down up to 3%, with the hardest impacted being public and private banks, the auto and pharmaceutical industries.
The Indian Rupee, on the other hand, started 26 paise higher at 82.82 versus the US Dollar than it did at Thursday’s closing rate of 83.09.
Top stocks to keep an eye on today
Pharma by Glenmark
Due to plans to sell a majority ownership in Glenmark Life in order to reduce debt, the stock will continue to be in the spotlight today.
IdeaForge
The Ministry of Defense placed an order with the drone manufacturer valued Rs. 58 crore.
Steel JSW
The business said that it is aiming to sell $24 million worth of US plant and mineral rights to West Virginia Properties.
Wipro
Jatin Dalal, the chief financial officer of Wipro, unexpectedly left his post; Aparna Iyer assumed control.
