First Trade: Markets open in red; Nifty slips below 24,500, Sensex down

Indian equity markets opened on a weak note Friday, tracking subdued global cues. The NSE Nifty50 slipped 34.20 points or 0.14% to 24,466.70, while the BSE Sensex declined 69.74 points or 0.09% to 80,010.83 at the open.

The Indian rupee also edged lower, opening at 87.69 per dollar against Thursday’s close of 87.63.

Stocks in focus today include Reliance Industries, Hexaware Technologies, Lemon Tree Hotels, Afcons Infrastructure, Shukra Pharmaceuticals, Paytm (One 97 Communications), Muthoot Finance, and CG Power and Industrial Solutions.