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Sensex, Nifty in red

IANS  |  Mumbai 

Caution ahead of the key micro-economic data and selling in the financials sector dragged the indices in the red during the pre-afternoon trade session on Friday.

Key macro-economic figures like forex reserves, Index of Production and manufacturing output are set to be released on Friday.

Realty stocks traded over 1 per cent lower after said at

Thursday's Meeting that owing to diverse opinion, a decision on the much-expected rate reduction for under-construction homes will be taken at a later meeting.

The IT sector stocks also witnessed heavy selling pressure. Financials too traded in the red.

The BSE Sensex opened at 36,191.87 from its previous close at 36,106.50 on Thursday.

At 10.40 a.m., the Sensex traded at 36,040.61 lower by 65.89 points or 0.18 per cent.

The Nifty50 of (NSE) opened at 10,834.75 after closing at 10,821.60 on Thursday.

The Nifty traded at 10,803.85 during the morning trade session, down 17.75 points or 0.16 per cent.

Stock-wise, IT traded 1.94 per cent lower after it announced it's quarterly results on Thursday.

--IANS

ravi/ksk/vm

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 11 2019. 11:24 IST
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