Markets Open The Day Lower; Infosys Top Sensex Loser

Business

oi-Sunil

By Sunil Fernandes

Updated: Thursday, June 9, 2016, 9:28 [IST]

Benchmark indices opened the day lower, even as select Asian markets were closed for trading. The US markets closed higher once again with the Dow Jones above the 18,000 points mark.

The Sensex was trading with losses of 58 points, while the Nifty was down 13 points in early trade. Leading the set of gainers were Axis Bank and Bajaj Auto.

Stocks that lost ground in early trade were Hindustan Unilever, Lupin and Tech Mahindra.

Shares in Tata Motors were flat despite a robust increase in JLR sales for May.

BPCL was trading higher after the Reserve Bank of India notified that Foreign Institutional Investors can now invest up to 49 per cent of the paid up capital of the company.

Infosys was trading lower despite a reported tie-up with Paytm to depploy its core Finacle Core Banking Solutions.

Dr Reddy's was trading lower after reports that the US Consumer Product Safety Commission, has pleaded to the US Department of Justice , seeking civil penalty against the drug maker.

PSU banking stocks, which ended the day sharply higher in trade on Wednesday, saw some selling pressure. Notable losers from the space were Syndicate Bank and Bank of India.

The midcap index too was trading flat with notable winners from the space being

Meanwhile, most Asian markets were closed for trade. The Japanese Nikkei was trading lower, following a strength in the Japanese yen.

The Indian rupee opened trade at 66.58 to the USDollar. Check currency rates here

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