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Stock Market Opening News
The matket has opened in red with the Nifty struggling to hold 8900.
The 50-share index is down 13.55 points or 0.1 percent at 8904.40 and the Sensex is down 44.70 points or 0.15% at 28881.66.
About 497 shares have advanced, 263 shares declined, and 42 shares are unchanged.
TCS is down 6 percent while BHEL, Infosys, Wipro and NTPC are losers in the Sensex.
ONGC, GAIL, Bajaj Auto, HDFC and ITC are gainers in the Sensex.
The Indian rupee snapped two-day winning streak.
The currency has opened at 66.47 a dollar, down 11 paise compared with 66.36 per dollar on Wednesday.
Emerging markets currencies particularly rupee have gained against dollar. According to him, the USD-INR is expected to trade in a range of Rs 66.25-66.50 per US dollar for the day.
Asian shares opened mixed, as investors consider what the Fed’s Beige Book means for US interest rate expectations.
Down Under, the S&P/ASX 200 opened down 1.02 percent, with the energy sub index shedding 1.52 percent, the materials sub index losing 1.77 percent and the heavily-weighted financial sub index seeing losses of 0.79 percent.