Nifty Detractors: HDFC Bank, RIL Weigh

HDFC Bank Ltd., Reliance Industries Ltd., Infosys Ltd., Bajaj Finserve Ltd., and Shriram Finance Ltd. weighed on the Nifty 50 index.

ICICI Bank Ltd., SBI Life Insurance Co. Ltd., Bharat Electronics Ltd., and Dr. Reddy’s Laboratories Ltd. limited losses in the Nifty 50 index.

Stock Market Today: Nifty, Sensex Fall As RIL Drags

The NSE Nifty 50 and BSE Sensex declined sharply at open on Friday as Reliance Industries Ltd. dragged. The indices were trading 0.55% and 0.50% down, respectively as of 9:23 a.m.

Yield On The 10-Year Bond Opens Flat

  • The 10-year bond yield opened flat at 6.37%

Source: Cogencis

Rupee Opens At One-Month Low Against US Dollar

  • Rupee opened 16 paise weaker at 86.57 against US Dollar

  • The opening level is the lowest since June 23

  • It closed at 86.41 a dollar on Thursday

Source: Cogencis

Stock Market Live: DLF’s First Mumbai Project Records Rs 2,300 Crore In Sales

DLF Home Developers and Trident Realty have announced a complete sellout of Phase 1 of their Mumbai project, ‘The Westpark’. The project has clocked over Rs 2,300 crore in sales, as per the exchange filing.

Stock Market: Jefferies Maintain Hold On Nestle India 

  • Maintain a Hold with a target price of Rs 2,350

  • A miss in Q1 results

  • Near equal contribution from volumes and realisation

  • With an exception of milk & nutrition, growth was actually respectable and quick commerce drove share of e-comm

  • Contraction in gross margin consequent to firm input prices impacted Ebitda

  • Cut EPS by 4-5%

Oil Prices Rise As US Continues To Seal Deals With Key Trade Partners

Oil prices continued to rise on optimism over US trade deals with key trade partners. The brent crude was trading 0.52% higher at $69.55 a barrel as of 8:18 a.m.

Asia Market Update: MSCI Asia-Pacific Index Snaps Six-Day Winning Streak 

Markets in most Asia-Pacific countries were trading in losses on Friday as traders parse recent development on trade tariffs and deal with uncertainty over US Federal Reserve’s policy outlook.

The MSCI Asia-Pacific index snapped a six-day winning streak. The index was down 0.75% as of 8:16 a.m.

US Market Update: S&P And Nasdaq 100 Futures Advance 

The S&P 500 and Nasdaq 100 futures advanced along with most US stock indices’ futures. S&P 500 and Nasdaq 100 hit record highs in Thursday’s session as Google’s parent Alphabet Inc.’s robust earnings restored faith in technology stocks.

GIFT Nifty Implies Positive Open; Bajaj Finance, IEX, Tanla Platforms Shares In Focus

The GIFT Nifty was trading 0.04% or 9.50 points higher at 24,977.50 as of 6:45 a.m., which implied a higher open for the benchmark Nifty 50 index.

Bajaj Finance Ltd., Indian Energy Exchange Ltd., Tanla Platforms, Sun Pharmaceutical Industries Ltd., Kfin Technologies Ltd. share prices will be in focus in Friday’s session.

The benchmark equity indices closed lower on Thursday, weighed down by shares of Reliance Industries Ltd., Infosys Ltd. and HDFC Bank Ltd.

The NSE Nifty 50 ended 157.8 points or 0.63% lower at 25,062.1, while the BSE Sensex closed 542.47 points or 0.66% down at 82,184.17.

. Read more on Markets by NDTV Profit.The NSE Nifty Midcap 150 and NSE Nifty Smallcap 250 declined in line with the benchmark indices.  Read MoreMarkets, Notifications 

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