Equity benchmarks opened sharply lower on weak global cues after the US fired dozens of cruise missiles into Syria.
The 30-share BSE Sensex was down 149.99 points at 29,777.35 and the 50-share NSE Nifty fell 47.30 points to 9214.65.
Reliance Industries share price fell 1.6 percent on profit booking post TRAI order.
Crude prices spiked, the dollar weakened slightly and markets fell in Asia and stock futures in the US turned negative after the US fired missiles into Syria.
The Indian rupee opened lower by 18 paise at 64.69 per dollar versus previous close 64.51.
BPL CASH (BUY)
BPL is a good pick to trade for today, since it has crossed a strong resistance and closed
above it. Volumes were good and RSI is also showing the bullishness. So we advise you to
buy it above 80.5 for the targets of 82.5 and 85 with strict stop loss of 78.5.