For Quick Alerts
For Daily Alerts

Markets Open Lower On Weak Global Cues


Benchmark indices opened the day marginally lower on weak global cues from Asia and the US. The Sensex was trading with losses of 30 points, while the Nifty lost 10 points in early trade. Check Sensex gainers and losers

Banking stocks were weak in trade with ICICI Bank, Axis Bank, PNB and Canara Bank among the early losers in trade.

Markets Open Lower On Weak Global Cues
Tata Motors was trading flat ahead of its results to be declared later today. Dr Reddy's which rallied to a 52-week high on Thursday gave up gains and was trading lower. Vedanta and Tata Steel were the top Nifty gainers in trade.

IT stocks saw some buying support in trade even as the rupee gained ground against the dollar in trade. Infosys and Wipro were among the early gainers in trade.

PSU banking stocks which have seen a solid rally in the last few trading sessions on hopes of the government's capital infusion plan, lost ground and were trading lower.

Bank of Baroda, Union Bank and Bank of India were among the early losers in trade. Meanwhile, most of the Asian markets were trading lower after losses were seen across Asian markets following weak cues from across the US.

In fact, the NASDAQ saw a sharp sell off in trade following 1.6 per cent on poor earnings.

Story first published: Friday, August 7, 2015, 9:36 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more