Markets open lower in early trade 23/09/2016 09:28

Markets open lower in early trade
23/09/2016 09:28

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The key domestic benchmark indices opened lower in the morning trading session tracking feeble cues from Asian stocks and as oil retreated from a two-week high.

The investors will focus on the telecom stocks after Vodafone Group announced investment of Rs 48,000 crore in to its Indian arm ahead of a spectrum auction starting next month.

At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28721.28 down by 51.85 points or by 0.18 per cent, while the NSE Nifty was at 8858.60 points, trading lower by 8.85 points or by 0.10 per cent.

On the global front, Asian stocks were trading flat today as oil retreated from a two-week high while US Fed signaled of a very gradual interest rate hike. US stocks closed higher in the previous trading session as investors digested several economic data releases while processing the Federal Reserve's latest monetary policy decision.
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