Nifty opens above 8600, Sensex flat; Dr Reddy’s tanks 8%
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The market has opened flat with companies, that have posted dismal Q1 earnings, dragging indices. The Sensex is up 28.89 points or 0.1 percent at 28005.41, and the Nifty is up 10.55 points or 0.1 percent at 8601.20. About 291 shares have advanced, 117 shares declined, and 24 shares are unchanged.
HDFC, Maruti, Asian Paints, Tata Steel and SBI are top gainers while Dr Reddy’s Labs fell 8 percent. Other losers in the Sensex are Coal India, Sun Pharma, Axis Bank and Wipro.
The Indian rupee slipped in the early trade. It has opened lower by 6 paise at 67.33 per dollar versus 67.27 Tuesday.
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