INSUBCONTINENT EXCLUSIVE:
NEW DLEHI: Sensex on Friday opened on a tepid note, tracking overnight fall in US markets
A weak rupee and risinng crude prices too played spoilsport in denting investor sentiment.
US stocks dropped half a per cent after the
country's retail sales dropped 1.2 per cent in December, recording biggest drop since September 2009
This led Atlanta Fed slash US December quarter GDP forecast to 1.5 per cent from 2.7 per cent earlier
The domestic currency depreciated 11 paise against US dollar in early trade on rising crude oil prices and foreign fund outflows
Rupee had shed 36 paise against the greenback yesterday
At 9.27 an, the BSE Sensex was trading 53 points, or 0.15 per cent, lower at 35,824
Nifty50 dropped 23 points, or 0.21 per cent, to 10,723
Sun Pharma declined 1.94 per cent to Rs 432.10 and was the top index loser
It was followed by Hero MotoCorp, Vedanta and Tata Motors, which fell 1.70 per cent, 1.55 per cent and 1.38 per cent, respectively
ONGC gained 3.33 per cent to Rs 136.50 on strong third quarter results
Power Grid, NTPC and Infosys added 2 per cent, 2 per cent and 0.75 per cent, respectively.
Jet Airways shares fell 2 per cent
Jet Airways founder Naresh Goyal is set to lose control of his beleaguered airline after the board approved a proposal allowing a consortium
of banks to become the largest shareholder
