Benchmark indices continued to trade lower in morning with the Sensex losing around 100 points, dragged by index heavyweights HDFC, Infosys, and HDFC Bank.
The 30-share BSE Sensex was down 90.19 points at 26399.37 and the 50-share NSE Nifty fell 22.55 points to 8116.90.
Shares of Laurus Labs, the Hyderabad-based healthcare company, started off day with premium of 14.5 percent at Rs 489.90 against issue price of Rs 428 on the National Stock Exchange. The stock touched a high of Rs 498 (up 16.35 percent over issue price) and low of Rs 475 (up 11 percent) in early trade.
HDFC and Infosys were leading contributors to Sensex’s fall, down 0.8 percent each. Tata Motors, Asian Paints, Sun Pharma and Adani Ports declined over a percent.
GAIL was the biggest gainer, up nearly 3 percent followed by ICICI Bank, Reliance Industries, ITC and Lupin.
Indian ADRs : HDFC Bank, Dr Reddy’s Labs slip, Tata Motors gains
Indian ADRs ended mostly lower on Friday.
In the IT space,
Infosys was up 0.02 percent at USD 14.90 and Wipro was down 0.01 percent at USD 9.61.
In the banking space,
ICICI Bank fell 0.16 percent at USD 7.50 and HDFC Bank dipped 1.35 percent at USD 60.81.
In the other sectors,
Tata Motors gained 0.43 percent at USD 34.59 and Dr Reddy’s Laboratories shed 0.24 percent at USD 45.68.
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