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Markets open in red.

Markets have started the trading session on a lower note tracking weak global cues. The Sensex has opened at 17,114 levels, down 37 points whereas the Nifty declined 13 points at 5,176 levels.

On the global front, US services sector raised concerns about the economic recovery a day before a highly anticipated labour market report for April.

The Dow Jones industrial average closed down 0.5%at 13,207. The Standard & Poor’s 500 Index fell 0.8 %at 1,392.

Asian shares fell for a second successive day on Friday as another batch of lacklustre US data stoked concerns that the recovery in the world’s biggest economy is faltering.

Top gainers on the Nifty were Cipla, Wipro, ITC, ONGC and Cairn India. Top losers on the Nifty were Hero Motocorp, Axis Bank, Kotak Mahindra, DLF and SBI.


 

 

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