Mumbai: The Indian stock market is trading lower Friday morning with weakness in Asian markets ahead of crucial U.S. jobs data and the presidential elections in France weighing on sentiment.
Investors are also digesting quarterly earnings reports from India Inc and recent sales and shipments data from automobile and cement makers.
The BSE benchmark Sensex, which rose to 30,176.55 in opening trades, falling just short if its all-time high of 30,184.22, is currently down 128.40 points or 0.43% at 29,997.81. The Nifty50 of the National Stock Exchange, which hit a new high of 9377.10, is down 41.10 points or 0.44% at 9318.80.
Among Sensex stocks, GAIL India, ONGC and Infosys are lower by about 1.5%. Tata Steel, Larsen & Toubro, Tata Steel and Tata Motors are down 1% - 1.3%. Mahindra & Mahindra, Cipla, HDFC, Power Grid Corporation, Axis Bank and Sun Pharmaceutical Industries are modestly lower.
Hindalco is declining by about 3.7%. Tech Mahindra, Tata Motors DVR, Ambuja Cements, ACC, UltraTech Cement and Aurobindo Pharma are lower by 0.5% - 1.2%.
Asian Paints is rising 2.3%. Coal India is up 1.3% and Adani Ports is trading 1.1% up. State Bank of India, Maruti Suzuki, ICICI Bank and Lupin are up marginally.
Bharti Infratel is gaining 1.7%. Eicher Motors, Indian Oil Corporation, BPCL, Indiabulls Housing Finance and Bank of Baroda are also notably higher.
