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The Indian equity market opened lower on Friday weighed by weak global cues ahead of Christmas holiday. The S&P BSE Sensex is trading at 25,886 down 94 points, while NSE Nifty is trading at 7,944 down 35 points. The BSE Mid-cap Index is trading down 0.62% at 11,736, whereas BSE Small-cap Index is trading down 0.36% at 11,759.
Sun Pharma, BHEL, Bajaj Auto, Yes Bank and ONGC are among the gainers, whereas Cipla, M&M, UltraTech Cement, ITC and Infratel are losing sheen on NSE. A total of two stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE.
Out of 1,868 stocks traded on the NSE, 634 declined, 770 advanced and 464 remained unchanged today. Some buying is observed in Consumer Durables, Pharma, Oil & Gas, Energy and Banking sectors, while FMCG, Utilities, Telecom, Information Technology, Capital Goods and Metal are showing weakness on BSE.
The INDIA VIX is down 0.43% at 15.4850. Sun Pharmaceutical Industries rallied 2.6% after the company has informed BSE that one of the wholly owned subsidiaries of the company has acquired 13,000,000 Series B Preferred Stock of scPharmaceuticals Inc. (equivalent to 14.58% fully diluted equity stake on conversion) by way of allotment.
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