INSUBCONTINENT EXCLUSIVE:
The 30-share Sensex was down 12 points, or 0.03 per cent, at 40,539 in the early trade, while the 50-share Nifty index traded 18 points
lower at 11,950.
Among Nifty stocks, Bharti Infratel was down 2.63 per cent at Rs 235.55
UPL, Wipro, Infosys, Titan, BPCL, Asian Paints and TCS were also down over 2 per cent.
On the other hand, NTPC, Power Grid, Sun Pharma, ITC,
Vedanta, Tata Steel and Coal India were up between 0.50 per cent and 3 per cent.
NTPC hogged limelight after Morgan Stanley upgraded the
the Telecom, TECk and IT indices lost over 1 per cent in the early trade
Power, Healthcare and Metal advanced between 0.45 per cent and 1.33 per cent.
Commenting on telecom sector, Vinod Nair, Head of Research at
Profit booking is rational as AGR relief is not being considered by the government for the time being while payment of spectrum cost has
Airtel traded 0.97 per cent lower at Rs 422.10 at around the same time.
US stocks closed lower on Thursday as investors moved to the
sidelines with mixed messages and no concrete signs of progress on US-China relations
The Dow Jones index declined 55 points, or 0.20 per cent, to 27,766
The S-P500 index inched lower by 5 points, or 0.16 per cent, to 3103.54
The Nasdaq Composite index slipped 20.52 points, or 0.24 per cent, to 8,506.