Equity Market Opening Bell Nifty Open in Red

The market has opened lower on April Future and Options expiry day as worldwide signals weigh on India. The Sensex is down 20.47 focuses at 26043.65 and the Nifty is down 11.45 points at 7968.45. About 292 shares have progressed, 163 shares declined, and 35 shares are unchanged.

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Bharti Airtel, Cipla, ONGC, Sun Pharma and Coal India are top gainers in the Sensex while Maruti, Infosys, ITC, HDFC and Reliance are losers.

The Bank of Japan (BOJ) left monetary policy steady, surprising several market players who were widely expecting a hefty dose of stimulus. The central bank maintained its negative 0.1 percent deposit rate and its 80 trillion yen base money target. However, it did leave the door open to additional easing steps and said it will provide loans at zero interest rates to areas impacted by the recent Kyushu earthquakes.