Opening Bell - Nifty slips after slightly positive start

BSE Sensex opened lower by 16 points at 30142, while the Nifty50 opened higher by 14 points at the 9374 mark.

IOC is the top Nifty gainer and ONGC is the top Nifty loser. IOC is trading higher by 1.32% at Rs 441.4 per share and ONGC is trading lower by 2.49% at Rs 184.2 per share.

There are 701 advances, 710 declines and 500 unchanged stocks on the NSE reflecting mixed sentiments floating in the market.

The oil prices downfall accelerated after the OPEC delegates indicated a lower probability of their group and other producing countries agreeing to further cut oil production in their next meet on May 25. Oil price on Thursday slipped to their lowest since November.

The Dow Jones Industrial Average shed 6 points to end at 20,951. The Nasdaq Composite index gained 2 points to close at 6,075. The S&P 500 gained 1 point to close at 2,389.

Asian markets are trading in the negative territory on Friday. Japan’s stock market is closed. Hong Kong’s Hang Seng has slipped 209 points, while China’s Shanghai Composite has shed 17 points.

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