Indian shares look set to open lower on Friday in the wake of mixed global cues.
Advertisement
Similarly, the broader NSE Nifty rose 15.05 points, or 0.17 per cent, to 8,657.60.
The 30-share index resumed higher at 28,167.66 and hovered between 28,212.30 and 28,092.06 before quoting at 28,100.91 at 1100 hrs, showing a loss of 22.53 points or 0.08 per cent from its last close.
Opened at 28,167.66 points, Sensex touched a high of 28,212.30 points and a low of 28,026.12 points during the intra-day trading.
The market breadth remained positive as 1,670 stocks advanced, while 1,017 stocks declined and 179 ruled steady.
On Tuesday, the benchmark indices had closed in the red on the back of negative global cues, profit booking and lower global crude oil prices.
The Nifty50 was trading at 8,678 up 5 points or 0.06 per cent.
Desai added that Nifty is likely to face resistance at higher levels due to firm USD/INR futures prices.
After a day’s breather, the BSE Sensex resumed its downward spiral by taking a hit of over 46 points to 28,077 after investors locked-in gains amid weaker opening in European markets and a mixed closing in Asia.
Major Sensex losers were: Coal India, down 1.36 per cent at Rs 334.20; Tata Consultancy Services (TCS), down 1.24 per cent at Rs 2,603.95; Lupin, down 0.80 per cent at Rs 1,577.25; Wipro, down 0.80 per cent at Rs 520.60; and Axis Bank, down 0.78 per cent at Rs 588.40.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 162.17 crore yesterday, as per provisional data released by the stock exchanges.
Advertisement
Brokers said revival of buying in bluechip stocks following overnight gains in the USA mainly buoyed sentiment here.
