5/05/2017

Sensex Lower; Nifty slips in red after opening at record high of 9,377

The benchmark indices edged lower in early trade on passive global cues. At 10.15 am, the BSE Sensex was down 135.92 points or 0.45% at 29,990.29, while the NSE Nifty index declined 38.10 points or 0.41% at 9,321.80. The BSE MidCap index down 0.11% and. BSE Small-Cap index rose 0.05%, outperforming the Sensex. 

Coal India Ltd, SBI, ICICI Bank and Asian Paints gained the most on BSE Sensex while Mahindra & Mahindra, ONGC, GAIL India and Tata Steel fell the most on the index. 

The IT major, Infosys Ltd was trading lower by 1.4% at Rs 924.2 per share. The stock is dragging the Nifty index in the morning hours today.  Shares of Wipro Ltd was down 0.09%, after the company declared that it has joined EEA (Enterprise Ethereum Alliance) as a founding member. 

Meanwhile, Oil prices were left behind near 5-month lows today after a aboaut 5% fall in the last session on worries over rising US supply, removing all of the price gains since OPEC's move to control output.

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