The National Stock Exchange (NSE) Nifty50 index which closed on a lower note on Friday has opened flat to negative at the level of 10,780.90 from its previous closing level of 10,754.00. However after the opening it couldn’t sustain its opening level and plunged even lower at 10,726.00, 28 points down. (09:19 AM IST)
The top gainers among Nifty50 are TCS, Infosys, Wipro, Sun Pharmaceuticals, and Yes Bank however the top losers are Hero MotorCorp, Vedanta, Ultra tech Cement, Eicher Motors, and United Phosphorus Ltd.
GST Update: The reduction in goods and services tax (GST) rate on movie tickets bodes well for multiple stocks.
Rupee Update: The Indian rupee opened marginally lower at 70.18 per dollar on Monday against Friday’s close 70.15.