In early trade on Monday, equity benchmark indexes declined on negative global market trends and ongoing foreign investment outflows. In early trade, the 30-share BSE Sensex slid 137.84 points to 57,782.13. Similarly, the NSE Nifty fell 52.75 points to 17,132.95. Among the Nifty components, the top laggards were Mahindra & Mahindra, Adani Enterprises, JSW Steel, and Larsen & Toubro.
On the other hand, early trade winners were Bajaj Auto, State Bank of India, ICICI Bank, and Eicher Motors. In Asia, markets in Tokyo, Shanghai, and Hong Kong fell, while Seoul rose. On Friday, Wall Street finished considerably lower. According to Prashanth Tapse, Research Analyst, Senior VP (Research), Mehta Equities Ltd., “volatility is going to remain the hallmark as Nifty bulls brace for hard sessions in the short term as things do not look particularly bright right now at Dalal Street.”
On Friday, the BSE benchmark rose 684.64 points, or 1.20 percent, to 57,919.97. The Nifty rose 171.35 points, or 1.1%, to 17,185.70. Brent crude was trading 0.59 percent higher at USD 92.17 a barrel on the international oil market. According to exchange data, foreign institutional investors (FIIs) continued to be net sellers in the Indian capital market on Friday, offloading shares worth Rs 1,011.23 crore.
(source : PTI)
