Sensex flat, Coal India slips 9%, TCS loses 3% post Q3 results

Indian equity markets opened in the red today with the Sensex down 35.11 points at 21230.07, and Nifty down 12.65 points at 6306.25.

Coal India shares are down more than 8 percent after it announced a special interim divididend earlier this week. The stock has lost 4 percent so far this year.

[caption id=“attachment_1260665” align=“alignleft” width=“380”]  Reuters[/caption]

TCS was down 3 percentafter announcing its third quarter results.

BHEL , ICICI Bank and ONGC are other laggards in the Sensex. Axis Bank , Tata Steel , Bharti Airtel , Cipla and Reliance are other gainers in the Sensex.

BSE metals index is up 0.7 percent and started the day as the top sectoral gainer; IT index is sitting at the bottom of the sectoral pack with losses of nearly 1percent.

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Blue-chip earnings today: HDFC Bank, ITC, Reliance Industries, and Wipro.

Indian rupee opened higher at 61.50 against US dollar on Friday versus previous day’s closing value of 61.53 per dollar. The US dollar faded a little in early trade after two days of gains, as a run of mixed US economic data left the market uncertain about its future direction. Wall Street closed Thurdsay lower on disappointing earnings. The S&P 500 slipped from its record highs. Europe too closed in the red while Asia is soft in morning trade.