Stock Cash Market Opening News with Asian Market Updates by MarketMagnify

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The market has opened marginally lower ahead of expiry of January derivative contracts.

• The 30-share BSE Sensex fell 5.68 points to 24486.71 and the 50-share NSE Nifty declined 3.45 points to 7434.30.
• ICICI Bank, GAIL, Lupin, Adani Ports, NTPC, Power Grid Corporation, Cairn India and Vedanta were early gainers while losers were HDFC, Bharti Airtel, Maruti Suzuki, L&T, Sun Pharma, Asian Paints, Coal India and NTPC.
• The Indian rupee opened lower by 10 paise at 68.15 per dollar today against previous close of 68.05.

Asian Market Updates

Asian markets barring China were trading higher despite weak US lead. Japan’s retail sales for December fell 1.1 percent year-on-year showing some weakness in household demand. Bank of Japan began its two-day policy meeting on Thursday.

In US, market ended down over one percent after the Fed kept monetary policy unchanged and indicated a weak economic growth. Stocks closed more than 1 percent lower, despite higher oil prices, as disappointing quarterly reports weighed and the fed statement renewed concerns about global economic growth.