Sensex, Nifty slip at open; cement, metals drag as Apollo Hospitals leads gains
The BSE Sensex, which closed at 77,966.35 on Wednesday, opened at 78,111.91 and was trading at 77,809.72, down 156.63 points or 0.2%, at 9.23 AM.
The BSE Sensex and NSE Nifty50 opened lower on Thursday, dragged down by losses in cement, metals and consumer stocks. Apollo Hospitals emerged as a bright spot among the Nifty gainers, rising 1.58 per cent to ₹8,732.50, while Eternal and Shriram Finance also posted gains. Tech Mahindra and Mahindra & Mahindra offered selective support to the index.
Grasim Industries, UltraTech Cement and Hindalco Industries were the biggest losers, with the cement and metals sectors under pressure. Reliance Industries' decline added to the selling pressure. The healthcare sector found support from Apollo Hospitals, and the IT sector showed selective buying. US July CPI rose 3.4 per cent year-on-year, easing concerns over an aggressive Federal Reserve move, while gold rallied above $4,400.
Crude oil prices remained a key concern, with Brent crude near $88 per barrel. The RBI kept its repo rate unchanged at 5.25 per cent, while crude oil and US-Iran tensions remained key risks for Indian equities. Traders and analysts expect the market to remain range-bound in the near term.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
