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Markets open flat to negative on subdued Asian cues

The BSE Sensex fell 75.20 points or 0.19  percent to 39,666.16 in early trade while the NSE Nifty dropped 30.05 points or 0.25  percent to 11,884.00.

Markets open flat to negative on subdued Asian cues

New Delhi: Markets opened flat to negative on Friday on subdued global cues amid rising crude oil prices.

The BSE Sensex fell 75.20 points or 0.19  percent to 39,666.16 in early trade while the NSE Nifty dropped 30.05 points or 0.25  percent to 11,884.00.

Top losers in the Sensex pack in early trade included Yes Bank, IndusInd Bank, Bajaj Auto, Kotak Bank, Hero MotoCorp, Sun Pharma, ICICI Bank, M&M, RIL and Tata Motors, shedding up to 2 percent. On the other hand, PowerGrid, Vedanta, ONGC, L&T, Bajaj Finance and Coal India rose up to 1.14 percent.

Meanwhile, foreign institutional investors bought equity worth Rs 172.35 crore, while domestic institutional investors sold shares to the tune of Rs 444.87 crore, provisional data available with stock exchanges showed.

MSCI`s broadest index of Asia-Pacific shares outside Japan edged down 0.2%. The Shanghai Composite Index dipped 0.1%, Australian stocks added 0.1% and Japan`s Nikkei climbed 0.25%. The S&P 500 index is up about 5% so far for the month, a Reuters report said.

With Agency Inputs