Market Live: Nifty hovers around 10,800, Metal index falls 2%; Brent crude below $73/bbl.
Asian shares declined amid the escalation in US-China trade tensions, as oil extended losses.
Market Update: The market remained in a tight range despite weakness in Asia due to escalated trade tensions between world's two largest economies US and China.
Brent crude futures traded down 1 percent to below $73 a barrel on likely increase in output in the OPEC meeting later in the week.
Click here To know about the Best Stock Advisory India
Metal stocks corrected on trade tensions, with the Nifty Metal index falling 2 percent.
The 30-share BSE Sensex declined 28.60 points to 35,593.54 and the 50-share NSE Nifty slipped 4.70 points to 10,813. About 1,175 shares declined 797 shares have advanced, 1175 shares declined, and 116 shares are unchanged.
The 30-share BSE Sensex declined 28.60 points to 35,593.54 and the 50-share NSE Nifty slipped 4.70 points to 10,813. About 1,175 shares declined 797 shares have advanced, 1175 shares declined, and 116 shares are unchanged.
Rupee Update: The rupee weakened by 15 paise to hit a fresh three-week low of 68.16 against the US dollar in opening trade today but it cut down losses to 4 paise at 68.04 a dollar, pressured by an appreciation of the American currency overseas amid sustained foreign capital outflows.
Forex dealers said the dollar's rise towards a seven-month high against a basket of its peers, as investors absorbed the escalation in trade tensions between the US and China, weighed on the rupee. However, a higher opening in the domestic equity market capped the losses.
The rupee had closed below the key 68-mark to end at 68.01 against the US currency in the previous session on Friday after the country's trade deficit widened more than expected amid renewed global trade war fears.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,524.74 crore on Friday, provisional data released by stock exchanges showed.
Click here to get Free Commodity Tips
Forex dealers said the dollar's rise towards a seven-month high against a basket of its peers, as investors absorbed the escalation in trade tensions between the US and China, weighed on the rupee. However, a higher opening in the domestic equity market capped the losses.
The rupee had closed below the key 68-mark to end at 68.01 against the US currency in the previous session on Friday after the country's trade deficit widened more than expected amid renewed global trade war fears.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,524.74 crore on Friday, provisional data released by stock exchanges showed.
Click here to get Free Commodity Tips
Market Opening: Benchmark indices opened mildly lower on Monday following weakness in Asian peers amid escalated US-China trade tensions.
The Sensex slipped 16.67 points to 35,605.47 and the Nifty declined 8.00 points to 10,809.70.
BPCL, HPCL, and IOC gained 2-3 percent after further fall in crude oil prices.
Tech Mahindra, ICICI Bank, and HDFC Bank are early gainers.
Dr. Reddy's Labs fell 2 percent. Vedanta, Hindalco Industries, UltraTech Cement, Tata Steel, and ONGC are under pressure.
Nifty Midcap and Bank Nifty indices slipped 22 points each.
Jet Airways, SpiceJet, InterGlobe Aviation, Idea Cellular, TVS Motor Company, Castrol, Motherson Sumi and DCM Shriram gained up to 5 percent.
Avenue Supermarts, PVR, Vakrangee, Ruchi Soya, Dish TV, JSPL, and Nalco fell up to 5 percent.
The Sensex slipped 16.67 points to 35,605.47 and the Nifty declined 8.00 points to 10,809.70.
BPCL, HPCL, and IOC gained 2-3 percent after further fall in crude oil prices.
Tech Mahindra, ICICI Bank, and HDFC Bank are early gainers.
Dr. Reddy's Labs fell 2 percent. Vedanta, Hindalco Industries, UltraTech Cement, Tata Steel, and ONGC are under pressure.
Nifty Midcap and Bank Nifty indices slipped 22 points each.
Jet Airways, SpiceJet, InterGlobe Aviation, Idea Cellular, TVS Motor Company, Castrol, Motherson Sumi and DCM Shriram gained up to 5 percent.
Avenue Supermarts, PVR, Vakrangee, Ruchi Soya, Dish TV, JSPL, and Nalco fell up to 5 percent.
-------------------------------------------------------------------------------------------------------------------------
For More Information regarding Stock market news updates & Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.
No comments:
Post a Comment