Sensex Opens Lower; Infosys Continues To Fall

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, June 10, 2016, 9:21 [IST]

Benchmark indices opened the day flat, as Asian cues remained weak, following poor leads from US and Europe.

The Sensex was trading with losses of 36 points, while the Nifty fell 9 points in trade. Most Asian markets led by the Japanese Nikei were weak as US markets saw some profit taking as oil prices fell and the Grexit vote neared.

Infosys which had lost more than 4 per cent in trade on Thursday lost another 1.5 per cent in early trade.

Dr Lal's Path Lab was up after reports that the company was planning a pan India expansion.The stock was up 1 per cent in early trade.

Sadbhav Infrastructure Project on the other hand gained after receipt of provisional completion certificate for and start of toll collection in Bhilwara-Rajsamand Tollway Private Limited.

PSU banking stocks saw some mild profit booking in trade after Moody's analysis suggested that capital requirements of about Rs 1.2 trillion for its 11 rated public sector banks, far higher than what was provided by the government in the Union Budget.

Canara Bank, Union Bank, Syndicate Bank and Bank of India saw some early selling pressure in trade. Among the early Nifty gainers were

Reliance Communications saw some early buying support on reports that the company will launch its 4G services shortly.

Meanwhile, the rupee opened at 66.80 to the US dollar. Check and convert currency rates here

GoodReturns.in