Sensex Sheds Over 400 Points, Nifty Slips Below 14,800

The domestic stock markets have opened deeply in the red, after four successive days of gains, due to profit-booking at higher levels. At 9:18 am, the BSE Sensex was trading at 49,331.35, lower by 431.55 points or 0.8 per cent and the NSE Nifty was at 14,776.50, down 108.63 points or 0.74 per cent.

Asian shares slipped on Friday. MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.5 per cent, with both Japan and China falling ahead of a long weekend; the two markets will be closed through Wednesday. Japan’s Nikkei fell 0.4 per cent and China’s CSI 300 lost 0.5 per cent in early trade.

Overnight, the S&P 500 closed at a record high on Thursday, fueled by gains in Facebook following its strong earnings report, while investors awaited upcoming results from Amazon. The Dow Jones rose 0.71 per cent and S&P 500 gained 0.64 per cent.

On the earnings front, Reliance Industries, IndusInd Bank, Marico and Yes Bank will declare their Q4 results during the day.

The benchmark indices ended mildly in the positive on Thursday, making it four successive days of gains, amid heightened volatility. The Sensex ended the session at 49,765.94, higher by 32.10 points or 0.06 per cent and the Nifty closed at 14,894.90, up 30.35 points or 0.20 per cent.

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