Equity TipsLatest NewsStock TipsTop News

Markets Open Lower, Nifty IT stocks Rise

stock Tips

Indian Equity market indices opened lower on Wednesday, 8-January, led by losses in Asian counterparts as Crude oil prices jumped after Iran fired missile attacks at American forces in Iraq.

The Indian rupee opened low at 72.02/USD, down by 19-ps against previous close 71.83.

The BSE benchmark Sensex went down 169 points at 40,709, while the NSE Nifty slipped 58 points at 11,994 at 10.10-am.

Barring the Nifty Information Technology (IT) index, which surged moderately higher, all the sectoral indices are witnessing selling. Get Best Equity tips and all-time stock trading tips from the experts.

YesBank share price rose 2.5-pc on the NSE after media reports stated that the Bank’s board would meet on Friday, 10-January, to consider fund-raising. Reacting to the development Yes Bank is among top gainers on the Nifty-fifty, followed by TCS, UltraTech, Tech Mahindra and Grasim.

On the other hand, Bharat Petroleum, Larsen and Toubro, Eicher Motors, Zee Entertainment and Bharati Infratel were among major losers.