Sensex starts over 100 points lower, Nifty around 10,750; DMart falls 7%

Barring IT, all other sectoral indices are trading in the red, with pain visible among banks, automobile, consumption and infrastructure sectors.

Market opens Equity benchmarks have begun the day on a lower note, with the Sensex shedding over 100 points. The Nifty is trading around 10,750.

Barring IT, all other sectoral indices are trading in the red, with pain visible among banks, automobile, consumption and infrastructure sectors. 

The Sensex is down 139.52 points or 0.39% at 35870.32, and the Nifty down 44.20 points or 0.41% at 10750.80. The market breadth is negative as 303 shares advanced, against a decline of 475 shares, while 45 shares were unchanged.

Infosys, Sun Pharma, and HPCL are the top gainers, while Larsen & Toubro, Axis Bank, and HDFC have lost the most. 

Rupee Update: The Indian rupee opened flat at 70.48 per dollar on Monday versus Friday’s close 70.49.

Market at pre-open: Benchmark indices are opened with marginal gains on Monday with Nifty trading above 10,800 level.

At 09:02 hrs IST, the Sensex is up 82.79 points or 0.23% at 36092.63, and the Nifty up 16.80 points or 0.16% at 10811.80.

Avenue Supermart is down 5 percent, while J&K Bank up 4.5 percent in the pre-opening trade on the back of December quarter numbers.

Wall Street ends lower on Friday: Wall Street dipped slightly on Friday, breaking a five-session rally, as energy shares declined and investors looked ahead to earnings season, which kicks off next week with Citigroup, JPMorgan and other big banks.

SGX Nifty: Trends on SGX Nifty indicate a flat start for the broader index in India, a gain of 11.50 points or 0.11 percent. Nifty futures were trading around 10,828.50-level on the Singaporean Exchange.

Asian markets trade flat: Asian shares camped near 1-1/2 month highs on Monday as investors kept a wary eye on looming Chinese trade data on increasing signs a slowdown in the world’s second-biggest economy is dragging on global growth.

Stay tuned to this blog for all live updates from the market in India and around the world. Also, make money online with equity services.

Please follow and like us:
20