Majority of sectoral indices are trading in the red, with maximum cuts seen in pharmaceutical names. The Nifty Midcap index is also trading over half a percent lower.
Market Update: Equity benchmarks continued to trade lower, with the Nifty hovering below 11,000-mark, while the Sensex is down below 36,500.
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The Sensex is down 50.40 points or 0.14% at 36491.23, while the Nifty is down 33.10 points or 0.30% at 10985.80. The market breadth is negative as 517 shares advanced, against a decline of 1,429 shares declined, while 110 shares are unchanged.
Infosys and Asian Paints are the top gainers on both indices, while ICICI Bank, Sun Pharma, and Dr. Reddy’s Labs have lost the most.
After witnessing a flat opening, the market has inched lower in the first hour of trade, with the Nifty breaking 11,000-mark it achieved last week.
The Sensex is down 73.57 points or 0.20% at 36468.06, while the Nifty is down 36.10 points or 0.33% at 10982.80. The market breadth is negative as 449 shares advanced, against a decline of 977 shares, while 73 shares were unchanged.
All sectoral indices are trading in the red, with cuts visible among pharmaceutical as well as energy names. Midcaps, too, are trading in the red; the Nifty Midcap is down 1 percent.
Market Opens: Equity benchmarks have begun the day on a flat note, with the Nifty holding 11,000 in the opening trade.
The Sensex is down 27.62 points or 0.08% at 36514.01, while the Nifty is down 17.20 points or 0.16% at 11001.70. The market breadth is narrow as 268 shares advanced, against a decline of 170 shares, while 62 shares were unchanged.
Majority of sectoral indices are trading in the red, with maximum cuts seen in pharmaceutical names. The Nifty Midcap index is also trading over half a percent lower.
Among stocks, shares of PC Jeweller is down 25 percent after the company canceled its buyback issue, while Tata Motors is lower by 4 percent after a Moody’s downgrade.
Rupee Opens: The Indian rupee opened marginally lower at 68.55 per dollar on Monday versus previous close 68.52.
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The Sensex is down 73.57 points or 0.20% at 36468.06, while the Nifty is down 36.10 points or 0.33% at 10982.80. The market breadth is negative as 449 shares advanced, against a decline of 977 shares, while 73 shares were unchanged.
All sectoral indices are trading in the red, with cuts visible among pharmaceutical as well as energy names. Midcaps, too, are trading in the red; the Nifty Midcap is down 1 percent.
Market Opens: Equity benchmarks have begun the day on a flat note, with the Nifty holding 11,000 in the opening trade.
The Sensex is down 27.62 points or 0.08% at 36514.01, while the Nifty is down 17.20 points or 0.16% at 11001.70. The market breadth is narrow as 268 shares advanced, against a decline of 170 shares, while 62 shares were unchanged.
Majority of sectoral indices are trading in the red, with maximum cuts seen in pharmaceutical names. The Nifty Midcap index is also trading over half a percent lower.
Among stocks, shares of PC Jeweller is down 25 percent after the company canceled its buyback issue, while Tata Motors is lower by 4 percent after a Moody’s downgrade.
Rupee Opens: The Indian rupee opened marginally lower at 68.55 per dollar on Monday versus previous close 68.52.
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The rupee fell on Friday, ahead of the trade balance number that was released post market hours. India’s trade deficit for June widened to the highest level driven largely by a surge in oil prices, said Motilal Oswal.
Merchandise exports rose 17.57 percent Y-o-Y in June, the trade deficit widened to USD 16.6 billion from USD 14.62 billion in May. Oil imports during April- June 2018-19 were valued at USD 34.64 billion which was 49.44 percent higher as compared to the same period last year. Merchandise exports last month rose to USD 27.7 billion from a year ago, while imports rose 21.31 percent Y-o-Y to USD 44.3 billion.
Data released by the RBI showed India’s FX reserves fell another USD 248 million to USD 405.81 billion for the week ended 6th July suggesting that the central bank continues to intervene to curtail volatility of the currency.
Merchandise exports rose 17.57 percent Y-o-Y in June, the trade deficit widened to USD 16.6 billion from USD 14.62 billion in May. Oil imports during April- June 2018-19 were valued at USD 34.64 billion which was 49.44 percent higher as compared to the same period last year. Merchandise exports last month rose to USD 27.7 billion from a year ago, while imports rose 21.31 percent Y-o-Y to USD 44.3 billion.
Data released by the RBI showed India’s FX reserves fell another USD 248 million to USD 405.81 billion for the week ended 6th July suggesting that the central bank continues to intervene to curtail volatility of the currency.
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