Indian equity market opened lower led by losses in power, miners and oil refiners. Lead gainers were real estate companies and banks.

Power companies, miners and oil refinery companies opened in the red today. Among the lead gainers were real estate companies and banks.

At 10:41 AM, Sensex was down 29 points to 33,693 and the Nifty50 Index slipped 4 points to 10,396.

The mid cap and small cap shares outperformed the large cap shares. The S&P BSE MidCap Index rose 0.39% and the S&P BSE SmallCap Index advanced 0.55%.

UPL, IndusInd Bank, Adani Ports, Cipla and HDFC gained the most on Nifty50, while NTPC, ONGC, Power Grid, BPCL and IOC were the top losers.  Meanwhile, rupee opened lower at 64.55 per dollar against yesterday’s close of 64.50.

Some buying was seen in banking, auto, realty and financial services sectors, while metal, media, FMCG, IT and pharma sectors showed weakness on the NSE.   India VIX marginally down by 0.07% at 13.02 level.

Out of 1,971 stocks traded on the NSE, 934 advanced, 592 declined, and 445 remained unchanged today.

A total of 77 stocks registered a fresh 52-week high in trade today, while five stocks touched a new 52-week low on the NSE.

source: indiainfoline.com