Key benchmark indices trading in red with negative bias in early morning trade. The BSE Sensex trading at 28849.63 down 52.231 points (-0.18%) and NSE Nifty at 8906.15 down 15.70 points(-0.18%).
The Market breadth indicating the overall health of the market is negative.On NSE there are 19 shares in advance where 32 shares in decline. Total Unchanged 0 share.
Asianpaint, ACC, HDFC, Axisbank and Tatamotors are gainers while Dr Reddy, Gail, Infratel, Wipro and Powergrid are losers in the Sensex.
Kotak Mahindra Bank was flat at Rs 824.50. Canadian pensions funds Canada Pension Plan Investment Board (CPPIB) and Caisse De Depot ET Placement DU Quebec (CDPQ) have bought stake in the bank from Uday Suresh Kotak, its executive vice-chairman and managing director
Shares of Dr Reddy's Labs plummeted 3.5 percent intraday as investors turned cautious on its plant getting 13 observations from the US drug regulator
The Indian rupee opened lower by 11 paise at 66.81 on Thursday as previous close of 66.70 against the US Dollar.