Indian stock markets opened lower on Friday. The S&P BSE Sensex dropped 105.13 points to 26,122. The 30-share index touched a high of 26,272.84 in morning trade. The Nifty50 fell 0.31 percent to 8054.55, after touching a high of 8,104.65 in morning trade.
The S&P BSE Midcap Index rose 0.22 percent, while the BSE S&P Smallcap Index declined 0.09 percent.
The Indian rupee fell around 31 paise to trade at 68.13 versus the U.S. dollar on Friday.
3M India, Visa Steel and NHPC are scheduled to report their quarterly financial results on Friday.
Direxion Daily India Bull 2X Shares INDL rose 0.42 percent to close at $42.74 on Thursday, while PowerShares India Portfolio (ETF) PIN gained 0.11 percent to close at $18.85.
US stock markets closed higher overnight, with the Dow Jones Industrial Average gaining 0.19 percent, the S&P500 index surging 0.47 per cent, and the Nasdaq Composite rising 0.74 percent.
US WTI crude futures on the NYMEX dropped 0.96 percent to trade at $45.54 per barrel.
Top market movers among the BSE index are as follows
- Capital Trade Links Ltd. rose about 19 percent to 53.90 INR.
- Wallfort Financial Services Ltd. rose 18 percent to 50.00 INR.
- Swastika Investmart Ltd. shares surged 18 percent to 65.00 INR.
- Kilburn Chemicals Ltd. shares gained around 15 percent to 25.35 INR.
- Ankush Finstock Ltd dropped around 20 percent to 11.28 INR.
- Oasis Tradelink Ltd. fell around 20 percent to 54.50 INR.
- Monnet Project Developers Ltd. slipped 19 percent to 12.00 INR.
- Kilburn Chemicals Ltd. shares declined 16 percent to 32.15 INR.
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