Sensex, Nifty open in red; TCS slumps 6%, BHEL falls 3%
The market has opened in red with the Nifty struggling to hold 8900. The 50-share index is down 13.55 points or 0.1 percent at 8904.40 and the Sensex is down 44.70 points or 0.15% at 28881.66. About 497 shares have advanced, 263 shares declined, and 42 shares are unchanged.
TCS is down 6 percent while BHEL, Infosys, Wipro and NTPC are losers in the Sensex. ONGC, GAIL, Bajaj Auto, HDFC and ITC are gainers in the Sensex.
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The Indian rupee snapped two-day winning streak. The currency has opened at 66.47 a dollar, down 11 paise compared with 66.36 per dollar on Wednesday.