At 9:58am (IST), Sensex was down 141 points at 11,193 and the NSE Nifty was down 42 points at 3,443. Indian markets have started off with a negative bias on the back of negative cues from the US and the Asian markets. The Nikkei index was down by 0.5% and the Hang Seng index are down by 2.5%.

Among the 30-components of the Sensex 28 are in the red and only M&M and Sun Pharma are in the positive terrain. Reliance Industries, Infosys, HDFC, ICICI Bank and SBI were among the major losers.

At 9:58 am (IST), the BSE 30-share Sensex was down 141 points at 11,193 and the NSE Nifty was down 42 points at 3,443.

US light crude oil for June delivery rose $1.94 to $51.56 a barrel on the New York Mercantile Exchange.

COMEX gold for June delivery rose $7.50 to settle at $914.10 an ounce.

European shares advanced strongly on Friday with banks and oil producers leading the advance. The pan-European Dow Jones Stoxx 600 index rose 2.3% to 195.82, helping it close roughly flat for the week. Still, a weak session for several Nordic firms in particular kept gains for the Stoxx 600 in check.

Among national indexes, the UK’s FTSE 100 index jumped 3.4% to 4,155.99, while Germany’s DAX 30 index advanced 3% to 4,674.32 and the French CAC-40 index was up 3.1% at 3,102.85.

Stocks rallied on the last day of a turbulent week on Wall Street where investors showed some caution. Bets that the worst is over for the world’s largest economy and companies lifted stocks. The S&P 500 climbed by more than 29% over the past six weeks prior to April 20, following a rout that left the index at 12-year lows.

US indices briefly trimmed gains after regulators released what was billed as a detailed report on how the government is running its “stress tests” of the leading banks. However, the report offered little new information. Results from the tests won’t be announced until May 4.

source: Indiainfoline

Tags: market nse, nifty down, sensex

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