As expected the NSE 50-share Nifty index opened on a negative note at the level 10,514.10 from its previous closing level of 10,599.25. However, after the opening, it plunged and was trading below 10,500 before recovering. Currently, the Nifty is trading 10,523.90 (09:23 AM IST) or 75.35 points upwards.
The top gainers among Nifty 50 are Titan, Infosys, Yes Bank, and Bajaj Finance; however, the top losers are Bharat Petroleum, Hindustan Petroleum, ONGC, and GAIL India etc.
Update: The sharply lower opening is after the government move raised fear of subsidy burden on PSU oil companies.