Stock Market Update: Sensex Falls Over 100 Points, Nifty Holds 12,100 In Opening Trade

After witnessing positive trade for the four consecutive days, Indian stock markets on Friday opened in the red. Market benchmark BSE Sensex saw a de-growth of more than 100 points in early trade today tracking losses in index-heavyweights RIL and ICICI Bank ahead of quarterly GDP growth data release. It is to be noted that in the opening session, the 30-share index was trading 158.97 points, or 0.39 per cent, lower at 40,971.20. Also, the NSE Nifty was quoting 38.45 points, or 0.32 per cent, down at 12,112.70.

According to a report of PTI, top gainers in the Sensex pack included Yes Bank, Bharti Airtel, Tata Motors, Tech Mahindra, NTPC, and Axis Bank. On the other hand, Tata Steel, ICICI Bank, Kotak Bank, and Infosys were trading in the red.

In the meantime, on the currency front, the rupee depreciated 9 paise against the US dollar to trade at 71.71 in the early session. Whereas, Brent futures, the global oil benchmark, fell 0.40 per cent to USD 63.02 per barrel.

According to experts, GDP growth for Q2 is expected to be between 4.2 per cent and 4.7 per cent, slower than the 5 per cent in Q1. 

Also Read: Closing Bell: Sensex gains 110 points, Nifty ends above 12,150

After touching its lifetime high of 41,163.79 on Thursday, the 30-share Sensex rose by 109.56 points or 0.27 per cent to end at a fresh closing peak of 41,130.17. The broader NSE Nifty closed at a record high of 12,151.15, up by 50.45 points or 0.42 per cent over the previous close.

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