Domestic stock markets started Friday’s session on a lower note, tracking weakness in Asian peers and extending their losses to a seventh session in a row. The S&P BSE Sensex index fell as much as 140.51 points to 37,690.47 in early deals, and the NSE Nifty benchmark moved to 11,214.00 in intraday trade, down 38.15 points from the previous close. Losses in auto, information technology and energy stocks dragged the markets lower, however gains in select bankign and metal shares provided some support.
At 9:17 am, the Sensex traded 28.03 points – or 0.07 per cent – lower at 37,802.95 while the Nifty was down 4.90 points – or 0.04 per cent – at 11,247.25.
Top percentage laggards on the 50-scrip index at the time were Bajaj Finserv, Tata Motors, Bajaj Finance, Indian Oil, Dr Reddy’s, Tech Mahindra and Bajaj Auto, struggling with losses of between 0.86 per cent and 1.83 per cent.
Infosys, TCS, Bajaj Finance and Tata Motors weighed the most on Sensex.
Equities in other Asian markets opened a tad lower on Friday, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.15 per cent and Japan’s Nikkei trading 0.3 per cent lower.
Overnight on Wall Street, US shares fell from record highs, with the S&P 500 losing 0.53 per cent, following a flurry of downbeat quarterly results from Ford Motor and other companies.
US stock futures were little changed in Asia.
The Sensex and Nifty had ended 0.04 per cent and 0.17 per cent lower on Thursday, suffering their longest stretch of losses since May 13.