Indian Markets Open Weak On Resurgence In Coronavirus Cases; IndiaBulls Real Estate Jumps 15%

In line with Asian stocks and weak global cues, Indian markets began the day weak. At 9:19 am, Nifty was down 0.44% at 12634.85, while Sensex was also dragged lower by 0.52% or 223 points to 43131. Nifty Bank was down for another day in trade weak by as much as 1.62% in early deal.

Top gainers on the Nifty in early trade are stocks including Eicher Motors, Titan, Grasim, Infosys, Reliance while laggard include IndusInd Bank, Tata Motors, HDFC, Larsen and Hindalco.

The conglomerate RIL will make a capital contribution of up to $50 million in Breakthrough Energy Ventures II LP. The stock gained over 1 percent in early trade.

Ace investor's Rakesh Jhunjhunwala's Rare Enterprises acquired 50 million shares in IndiaBulls Real Estate at Rs. 57.73 per share. The stock was up over 14.30%

Meanwhile, Asia indices were trading with losses with Japan's Nikkei weak by almost 1% at the time of writing this piece, while Hong Kong's Hang Seng and Singapore's Straits Times also was down 0.55% and 0.49%, respectively.

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