Nifty around 10,850, Sensex falls 100 pts; Reliance Comm tumbles over 50%

Among sectors, infra and auto index down over 1 percent, while some buying seen in the IT, FMCG and energy space.

Market Opens: Indian indices started the day on negative note with Nifty trading around 10,850 level.

At 09:18 hrs IST, the Sensex is down 132.64 points at 36336.79, while Nifty is down 42.50 points at 10851.20. About 315 shares have advanced, 533 shares declined, and 41 shares are unchanged. 

Zee Entertainment, Yes Bank, Hero Moto, Indiabulls Housing, Reliance Communications, Reliance Infra are trading lower, while gainers are Titan and Divis Lab.

Rupee Opens: The Indian rupee slipped in the early trade on Monday. It has opened lower by 36 paise at 71.60 per dollar on Monday versus Friday’s close of 71.24.

Market at pre-open: Benchmark indices are trading mixed in the pre-opening session with Nifty above 10,850 level.

At 09:02 hrs IST, the Sensex is up 41.39 points or 0.11% at 36510.82, and the Nifty down 30.00 points or 0.28% at 10863.70.

Vedanta gained 3 percent in pre-opening session, while Zee Entertainment, Hero Moto, DHFL, Reliance Infra, Reliance Capital are trading lower.

Godrej Properties to develop 6 new projects: The company has entered into an equity investment platform in partnership with a Pune-based developer to develop six projects across Pune.

Crude Update: Crude oil prices slipped on Monday after gains of about 3 percent in the previous session, but they were buoyed by expectations of tightening supply and signs that China-US trade tensions could ease.

SGX Nifty: Trends on SGX Nifty indicate a flat start for the broader index in India, a fall of 12.50 points or 0.11 percent. Nifty futures were trading around 10,899-level on the Singaporean Exchange.

Asian markets trade mixed: Asia stocks were barely moved on Monday, staying near a four-month high after Wall Street’s tepid pre-weekend performance, while the dollar was supported against the yen following strong US jobs and manufacturing data.

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