Mumbai: Markets opened weaker as F&O expiry weighed on the traders mind. After opening with gains, the key benchmark indices soon lost ground as selling in Cairn India, Jindal Steel and Ranbaxy Laboratories outweighed the gains in other stocks.
Sensex: 19,407 –0.21%
Nifty: 5,820 –0.22%
Nikkei: 9,808 +1.21%
Cairn India lost the most amongst the Nifty-50 shares. The Group of Ministers on the Cairn-Vedanta deal is scheduled to meet on Monday. Ranbaxy Laboratories also lost ground as a US company Purdue Pharma initiated efforts to block the company from launching a drug in the US. Read more..
Cairn India: Rs 342 –1.71%
Jindal Steel: Rs 683 –1.39%
Ranbaxy Laboratories: Rs 465 –1.28%
Among sectoral indices, BSE Realty is leading the losses. The Unitech stock lost more than 4% after the Enforcement Directorate said it would attach properties of Unitech Wireless for alleged involvement in the 2G-spectrum scam.
Hexaware Technologies: Rs 71 +1.01%
Cox & Kings: Rs 453 +5.39%