Indian equity market extended declines for the seventh consecutive session on Thursday, May 9. Escalated trade tensions between China and the US continue to prompted investors to remain cautious.
The Sensitive Index (Sensex) of the BSE, which had closed at 37,789.13 points on Wednesday, opened lower at 37,747.91 points.
Minutes into trading, it was quoting at 37,651.09 points, down by 138.04 points, or 0.37 per cent.
At the National Stock Exchange (NSE), the broader Nifty 50, which had closed at 11,359.45 points on Wednesday, was quoting at 11,319.35 points, down by 40.10 points or 0.35 per cent.
As many as 19 stocks advanced in the Nifty 50 index while 31 stocks declined. In BSE Sensex 18 stocks, including Tata Motors, NTPC, were trading in red, while 12 stocks including Tata Steel, Coal India were trading in green at 9.23 a.m.
Currently Sensex is trading down by 49.18 at 37,739.95 and Nifty is trading 14.10 points down at 11,345.35.
Rupee Opening today: The Indian rupee opened lower at 69.88 per dollar on Thursday versus previous close 69.71.