Ripples Advisory, Market Live: Sensex dives 100 points, Nifty near 10,650, IT stocks trade lower
BSE Sensex trades lower by nearly 100 points, while the Nifty 50 trades near 10,650. Here are the latest updates from the markets
Benchmark indices BSE Sensex and NSE’s Nifty 50 declined for a fourth straight session on Friday, following mixed sentiment in global stock markets. Asian stocks edged up as investors kept a cautious watch on developments in US-China trade negotiations, with the dollar perched near a five-month peak after the benchmark US Treasury yield hit its highest in seven years, Reuters reported. Moreover, Brent crude topped $80 a barrel for the first time since 2014 amid signals that stockpiles of excess oil will continue shrinking around the world. Here are the latest updates from the markets:
RCom shares surge 20%
ADAG Group stocks gains. Reliance Communications Ltd surged 20%, Reliance Naval and Engineering Ltd rose 7%, Reliance Power Ltd 1.3%, Reliance Capital 1%, Reliance Infrastructure Ltd 1%.
Sun Pharma shares rise 1% on new drug launch
Sun Pharmaceuticals Industries Ltd shares rose 1.5% to Rs487 after the company said its arm launched generic version for Daiichi Sankyo’s Welchol 625mg tablets in the US. Daiichi Sankyo has given the company exclusive rights to distribute these tablets, used to lower cholesterol, in the US.
Sensex, Nifty trade lower
BSE Sensex traded lower by 94.10 points, or 0.27%, to 35,054.94, while the Nifty 50 fell 19.65 points, or 0.18%, to 10,663.05.
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