Mumbai: The Indian stock market, which is in a steady rise in the business week after the Union Budget, looks flat on Friday. The Sensex opened 88 points at 41,394 in the morning, but it reached the red mark in a short time. By 9.30 am, the Bombay Stock Exchange (BSE) Sensex fell 88.46 points to reach 41,217.57.
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Similarly in the morning, the National Stock Exchange (NSE) Nifty opened at 12,151.15 with a strength of 14 points, but it started to fall in a while. By 9.30 in the morning, 13.15 points weakened to reach 12,124.80. According to experts, after 4 consecutive days of growth, now some profit booking is being seen in the market. About 420 shares of NSE saw an increase and 211 stocks declined.
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Leading stocks to include Hero MotoCorp, Zee Entertainment, NTPC, Yes Bank, Wipro, Titan, HCL Tech and Bajaj Auto, while the leading losers are Eicher Motors, Kotak Mahindra Bank, L&T, BPCL, and PowerGrid. Let me tell you that on Friday, trading in rupees has started with a softening. The rupee weakened 7 paise to open at 71.26 against the dollar. The rupee had closed at 71.19 on Thursday.