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Market News - Sensex, Nifty Open Lower,ONGC jumps 6%

Market Opens: Benchmark indices started on a flat note on Friday with Nifty trading below 10,750 marks. The Sensex is down 32.22 points at 35844.00, while Nifty is down 18.30 points at 10727.70. About 332 shares have advanced, 515 shares declined, and 41 shares are unchanged. 

Shares of  DHFL (Dewan Housing Finance Corporation Limited) slipped 4 per cent in the early trade amid resignation of its CEO Harshil Mehta. In the broader market, S&P BSE MidCap index was trading 74 points, or 0.52 per cent lower at 14,033, while S&P BSE SmallCap index was ruling at 13,334, down 29 points, or 0.22 per cent.
Shares of ONGC jumped as much as 5.5 per cent in early trade after the company reported strong results for the quarter ended December 31, 2018. Shares of the oil and gas explorer rose nearly 6 per cent intraday, the most in over four months, to Rs 140. The stock had declined for five consecutive trading sessions. The scrip was the best performer on Sensex and Nifty. The state-owned company’s operating margin expanded to 59.84 per cent in the three months ended December, compared to 56.41 per cent clocked in the year-ago period.

Stocks in the News- Power Grid, BPCL, L&T, IOC, Axis Bank, ONGC, are among major gainers, while losers are Eveready, JK Tyre, Yes Bank, Nestle, Jet Airways, JSW Steel, UltraTech Cement, Hero Moto, Sun Pharma, HDFC and Vedanta.

Rupee Opens: The Indian rupee opened marginally lower at 71.23 per dollar on Friday versus Thursday's close 71.16.

Source

Share Market | Bank Nifty | ONGC Shares | Rupee Update

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