Sharemasterindia.com 9:18 a.m.: The Sensex and Nifty have opened lower on the back of selling in auto, metal, banking and power stocks. The Sensex slipped 63 points to 26,307 and the Nifty fell 24 points to 7,940.
From the Nifty-50 basket of stocks, 33 stocks were declining while 17 were advancing.
9:00 a.m.: Rupee opens flat at 63.96/dollar against Thursday's close of 63.97.
8:55 a.m.: Foreign institutional investors (FIIs) sold shares worth Rs 622.8 crore in trades on Thursday. In the last eight trading sessions, the FIIs have sold shares worth Rs 4,393 crore.
8:44 a.m.: Swiss brokerage major UBS has revised downwards its Nifty target for end of the year to 8,600 from 9,200 earlier as investors are worried about the adverse impact on growth/inflation from a potential weak monsoon ahead.
These stocks will be in focus today
8:36 a.m.: Reliance Industries: Reliance Industries annual general meeting will be a key event the traders would watch out for. Reliance Industries chairman Mukesh Ambani will start speaking at 11:00 a.m. Crucial things to watch out for would be RIL's roll out plans for company's telecom venture and it may declare Reliance Jio's launch day. Last year at the AGM, RIL revealed that it will launch 4G services in 2015.
Reliance Infrastructure: Reliance Infrastructure has completed refinancing project borrowings of Mumbai Metro. Its loan repayment of Rs 1,650 crore has been extended till 2037 and interest rate has been reduced to 11.75 per cent from 13 per cent per annum.
Jagran Prakashan: Jagran Prakashan has completed the acquisition of Radio City.
BHEL: BHEL has commissioned 82.5 megawatt hydro power unit in Uttarakhand.
Tata Motors: Tata Motors will be in focus as sales of its subsidiary Jaguar Land Rover declined 2.1 per cent to 38,000 units in May. Jaguar sales declined 13 per cent year on year while Land Rover sales were flat
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