Equity benchmark indices opened lower for the fifth consecutive session as investors digested reports on the spread of Chinas coronavirus to Europe and the Americas ahead of February F&O contracts expire today. The Sensex slipped 255 points or 0.64% at 39,633, and the Nifty down 69 points at 11,609. About 497 shares have advanced, 1,053 shares declined, and 550 shares are unchanged.
SBI, Dr Reddy's Lab, HUL, Nestle, Hero MotoCorp, Eicher Motors, Titan, and Yes Bank were among the major gainers while, losers included Cipla, HCL Technologies, Infosys and TCS.
All sectoral indices were trading with losses on NSE with Nifty Realty and Nifty IT being the biggest losers, down 1% and 1.23%, respectively. Nifty Media, Nifty Auto and Nifty Pharma were among other major losers.
India VIX, the measure of volatility in the market, dropped 1.20% per cent to 18.04.
Asian stocks were trading lower amid the rapid global spread of the coronavirus left investors on edge. Oil prices hit lows as transportation would be worst hit sector as clampdown in most countries continues.
The Indian rupee opened flat on Thursday at 71.65/$ vs. previous close of 71.66 against US Dollar.
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