The market has opened flat on Friday. Equity benchmarks continue to consolidate for the fifth consecutive session today. Sensex down 24.92 points or 0.9 percent at 27,685.60. Nifty declined 7.80 points or 0.9 percent at 8502.30.
The market breadth positive as about 1013 shares advanced and 782 shares declining on Bombay Stock Exchange.
The broader market outperforms benchmarks with BSE midcap and smallcap indices rising 0.3 percent each.
Bank Nifty declined 0.3 percent and reached 18,605 level. While IT, Metal, and Pharma sector showing negative on the sectoral basis. Media sector up 0.9 percent, FMCG, and Auto sector rising 0.3 percent.
Biocon, Bharat Financial, Tata Metaliks, Wockhardt, ITC, Ashok Leyland and Boadal Chemical were most active shares on Exchange.
Meanwhile Power Grid, Tata Power, and GAIL Bounces 1.7 - 1 percent. while Hindalco, SBI, and Bank of Baroda slipped 2.2 - 1.4 percent.
The Indian rupee opened flat at 67.18 per dollar on Friday versus the previous close of 67.17 on Thursday.
Today's Experts Advice -
Cairan India - Buy, Stoploss - 174 Rs, Target - 184 Rs
M&M - Buy, Stoploss - 1425 Rs, Target - 1465 Rs
Ashok Layland - Buy, Stoploss - 95 Rs, Target - 100 Rs
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