Market Live: Sensex falls 300 pts, metals lose shine; Europe falls 1% amid trade tensions.
All sectoral indices traded in the red except IT. Metals lost shine.
Market Update: The market is off its day's low in the afternoon amid selling pressure in global peers on German politics and trade tensions.
The 30-share BSE Sensex fell 209.76 points to 35,213.72 and the 50-share NSE Nifty declined 76.10 points to 10,638.20.
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The Nifty Bank also fell more than 200 points while the Nifty Midcap dropped over a percent.
HDFC Bank, ITC, L&T, IOC, HDFC and Reliance Industries are top five contributors to the Nifty's fall while IT stocks like TCS and Infosys outperformed.
Oil prices slide on increase in supply: Oil prices fell by more than 1 percent on increase in supply from top exporter Saudi Arabia and as there are some signs of an economic slowdown in Asia which may dent the outlook for demand.
Brent crude oil futures were at $78.30 per barrel, down 1.17 percent, from their last close.
US West Texas Intermediate crude futures were down 0.77 percent, at $73.55 a barrel, after rising more than 8 percent last week.
Europe Update: Shares in Europe opened sharply lower as investors question the stability of the German government and wider trade links between the European Union and the US.
France's CAC, Germany's DAX and Britain's FTSE fell 1 percent each.
Market Update: The market extended losses in afternoon after further sell-off in Asian peers ahead of the implementation of US tariffs on $34 billion of Chinese products later this week.
The Sensex loses around 300 points while China's Shanghai Composite, Japan's Nikkei and South Korea's Kospi fall more than 2%
All sectoral indices traded in the red except IT while the Nifty Midcap index loses over a percent.
Market Opening: Benchmark indices started off the first day of second half of CY18 on a flat note, tracking mixed Asian cues amid ongoing trade tensions.
The 30-share BSE Sensex rose 32.99 points to 35,456.47 and the 50-share NSE Nifty gained 0.80 points at 10,715.10.
Tata Motors, Tata Steel, Maruti Suzuki, HPCL, BPCL, Bajaj Auto, Titan Company, Tech Mahindra and Infosys are early gainers.
Vedanta, Eicher Motors, Coal India, NTPC, GAIL, ITC and Bharti Airtel are early losers.
The Nifty Midcap index gained 20 points while Nifty Bank fell 82 points.
Ashok Leyland, HEG, Graphite India and IDBI Bank gained up to 5 percent.
Nalco, Andhra Bank and Bata India are under pressure.
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Oil prices slide on increase in supply: Oil prices fell by more than 1 percent on increase in supply from top exporter Saudi Arabia and as there are some signs of an economic slowdown in Asia which may dent the outlook for demand.
Brent crude oil futures were at $78.30 per barrel, down 1.17 percent, from their last close.
US West Texas Intermediate crude futures were down 0.77 percent, at $73.55 a barrel, after rising more than 8 percent last week.
Europe Update: Shares in Europe opened sharply lower as investors question the stability of the German government and wider trade links between the European Union and the US.
France's CAC, Germany's DAX and Britain's FTSE fell 1 percent each.
Market Update: The market extended losses in afternoon after further sell-off in Asian peers ahead of the implementation of US tariffs on $34 billion of Chinese products later this week.
The Sensex loses around 300 points while China's Shanghai Composite, Japan's Nikkei and South Korea's Kospi fall more than 2%
All sectoral indices traded in the red except IT while the Nifty Midcap index loses over a percent.
Market Opening: Benchmark indices started off the first day of second half of CY18 on a flat note, tracking mixed Asian cues amid ongoing trade tensions.
The 30-share BSE Sensex rose 32.99 points to 35,456.47 and the 50-share NSE Nifty gained 0.80 points at 10,715.10.
Tata Motors, Tata Steel, Maruti Suzuki, HPCL, BPCL, Bajaj Auto, Titan Company, Tech Mahindra and Infosys are early gainers.
Vedanta, Eicher Motors, Coal India, NTPC, GAIL, ITC and Bharti Airtel are early losers.
The Nifty Midcap index gained 20 points while Nifty Bank fell 82 points.
Ashok Leyland, HEG, Graphite India and IDBI Bank gained up to 5 percent.
Nalco, Andhra Bank and Bata India are under pressure.
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Rupee Opening: The Indian rupee opened flat at 68.48 per dollar on Monday versus 68.47 Friday.
On Friday, rupee came under pressure in the first half of the sessions but losses for the currency were limited on suspected RBI interventions that curbed any major weakness for the currency and as the dollar weakened against its major crosses, said Motilal Oswal.
On Friday, data released by the RBI showed India’s FX reserves saw further erosion of USD 2.25billion and reserves for the week ended June 22 stands at USD 407.81 billion.
Today in the Asian session global crude oil prices have corrected after US president during the weekend tweeted that he has urged Saudi to increase oil production to keep prices in control. Today, USDINR pair is expected to quote in the range of 68.40 and 68.85, it added.
On Friday, rupee came under pressure in the first half of the sessions but losses for the currency were limited on suspected RBI interventions that curbed any major weakness for the currency and as the dollar weakened against its major crosses, said Motilal Oswal.
On Friday, data released by the RBI showed India’s FX reserves saw further erosion of USD 2.25billion and reserves for the week ended June 22 stands at USD 407.81 billion.
Today in the Asian session global crude oil prices have corrected after US president during the weekend tweeted that he has urged Saudi to increase oil production to keep prices in control. Today, USDINR pair is expected to quote in the range of 68.40 and 68.85, it added.
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