The market has opened weak as the Sensex is down 118.97 points at 26197.37. The Nifty is down 39.25 points at 8075.05. Around 437 shares have progressed, 396 shares declined, and 45 shares are unaltered.
Cipla, Asian Paints, Hero MotoCorp, Wipro and Adani Ports are best gainers while SBI, Axis Bank, ICICI Bank, ONGC and GAIL are failures in the Sensex. Best Equity Tips by experts on mobile with accuracy.
Banks are under weight as Reserve Bank of India has requested that banks keep up an incremental cash reserve ratio of 100 percent, the move is evaluated to suck out around Rs 3.24 lakh crore of excess liquidity from the system and will be applicable on deposits between September 16 and November 11 fortnights. Bonds and bank stock will take a hit in exchange today.
Free Stock Tips by experts Bharti Airtel | Cipla | GAIL | Idea Cellular | Apollo Tyres | Tata Elxsi | Aurobindo Pharma | Uflex | Dilip Buildcon | ARSS Infra | GPT Infra | Ashok Leyland | Strides Shasun | and Ricoh India are stocks, which are in the news today.