Sensex down 100 points, Nifty at 12126; Lupine, hero MotoCorp in focus

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MUMBAI: The S&P benchmark BSE Sensex opened flat and lost around 100 points, while Nifty was lower at 12,122 than the markets opened on Friday.

By 9:30 a.m., the Sensex at 41273.41 had dropped by about 100 points and the Nifty at 12126 by 12 points.

Approximately 420 shares rose, 211 shares fell, and 38 shares remained unchanged.

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Held MotoCorp, Zee Ent, NTPC, Yes Bank, Wipro, Titan, HCL Tech and Bajaj Auto were the main winners of the indices, while Eicher Motors, Kotak Mahindra Bank, L&T, BPCL and Power Grid were the top losers.

In Sensex shares, Hero MotoCorp rose 3% after the motorcycle maker saw a 14.5% profit increase in December, largely due to a sharp drop in tax expense.

In the last four sessions, the Sensex had risen by 1,500 points.

Asian markets declined moderately on Friday after a week-long rally as investors took profits and assessed developments in China's deadly coronavirus crisis. Strong US data and China's stimulus measures boosted stocks after last week's sell-off.