Indian shares open lower as dollar and US yields rise, with mixed individual stock performances.

From Nasdaq.: 2025-01-02 23:42:22

Indian shares opened lower on Friday with the S&P/BSE Sensex dropping 470 points to 79,473, tracking a surging dollar and elevated U.S. Treasury yields. The NSE Nifty index was down 85 points at 24,103, with prominent decliners including HDFC Bank, Cipla, Wipro, Tech Mahindra, and Hero MotoCorp. ONGC rallied over 3%, RITES rose by 2% after winning a contract from SAIL, and Avenue Supermarts jumped 13% on Q3 revenue growth. Bharti Airtel fell 1% on its stake acquisition news, while Wockhardt soared 5% after receiving product approval. IRFC added 1.7% after signing a pact for renewable energy projects.



Read more at Nasdaq.: Sensex, Nifty Open Lower As Dollar, US Yields Climb