Global markets are reacting to escalating trade war tensions, while a weak rupee is also weighing on indices.
Market Update: The benchmark indices are trading lower with Nifty hovering around 11,400 marks and Sensex is down 410.48 points at 37,680.16.
About 966 shares have advanced, 1328 shares declined, and 157 shares are unchanged.
HDFC Bank, Reliance Industries, HDFC, Infosys and ITC are the negative contributors to the Sensex.
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Bank Nifty declines over 1%: The Bank Nifty is taking it on the chin on this Monday morning, falling over a percent. The sharp fall in rupee is weighing on the lender stocks. The index gave up 27,000-mark and is down over 300 points.
Among stocks, Bank of Baroda, State Bank of India, IndusInd Bank, ICICI Bank, and Axis Bank, among others are trading weak. Here is a look at the charts on how the sector has performed so far.
Among stocks, Bank of Baroda, State Bank of India, IndusInd Bank, ICICI Bank, and Axis Bank, among others are trading weak. Here is a look at the charts on how the sector has performed so far.
Rupee Update: Forex dealers have said that banks are likely to have placed fresh dollar bets as government steps have failed to lift the rupee, CNBC-TV18 reported, quoting news agency Cogencis.
Selling is intensifying on the market in the first half 20 minutes of trade.
At 09:33 hrs IST, the Sensex is down 351.78 points or 0.92% at 37738.86, while the Nifty is lower by 107.60 points or 0.93% at 11407.60. The market breadth is negative as 607 shares advanced, against a decline of 965 shares, while 102 shares are unchanged.
Wipro, Sun Pharma, and HCL Technologies are the top gainers, while Axis Bank, State Bank of India, Titan and Indiabulls Housing have lost the most.
Global markets are reacting to escalating trade war tensions, while a weak rupee is also weighing on indices.
Market Update: The benchmark indices are trading lower with Nifty hovering around 11,400 marks and Sensex is down 410.48 points at 37,680.16.
About 966 shares have advanced, 1328 shares declined, and 157 shares are unchanged.
HDFC Bank, Reliance Industries, HDFC, Infosys and ITC are the negative contributors to the Sensex.
Bank Nifty declines over 1%: The Bank Nifty is taking it on the chin on this Monday morning, falling over a percent. The sharp fall in rupee is weighing on the lender stocks. The index gave up 27,000-mark and is down over 300 points.
Among stocks, Bank of Baroda, State Bank of India, IndusInd Bank, ICICI Bank, and Axis Bank, among others are trading weak. Here is a look at the charts on how the sector has performed so far.
Rupee Update: Forex dealers have said that banks are likely to have placed fresh dollar bets as government steps have failed to lift the rupee, CNBC-TV18 reported, quoting news agency Cogencis.
Selling is intensifying on the market in the first half 20 minutes of trade.
At 09:33 hrs IST, the Sensex is down 351.78 points or 0.92% at 37738.86, while the Nifty is lower by 107.60 points or 0.93% at 11407.60. The market breadth is negative as 607 shares advanced, against a decline of 965 shares, while 102 shares are unchanged.
Wipro, Sun Pharma, and HCL Technologies are the top gainers, while Axis Bank, State Bank of India, Titan and Indiabulls Housing have lost the most.
IT stocks rally: Shares of information technology stocks are trading in the green as a weaker rupee is making investors bet big on this sector. Mindtree, Tata Elxsi, Wipro, Infosys, and TCS, among others, are soaring amid a weak rupee. The shares are higher by 1-2 percent.
RUPEE FALLS FURTHER: The Indian rupee has extended its losses from its opening levels. The currency fell to 72.67 per US dollar mark in the morning trade as investors may not have been impressed by the government measures announced over the weekend.
On Friday, the government announced a five-point strategy to arrest the rupee’s slide, after a late evening meeting that the prime minister took with Jaitley and Reserve Bank of India (RBI) Governor Urjit Patel, among others.
The measures include removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June and check the rupee’s fall
Market opens: It’s a gap-down opening on the market on this Monday morning, with the Nifty shedding 90 points in the opening tick. The Sensex is lower by over 200 points.
Weakness in Asian markets along with a further selloff in the rupee, which fell 1 percent, are weighing on the indices.
The Sensex is down 248.84 points or 0.65% at 37841.80, while the Nifty is down 90.20 points or 0.78% at 11425.00. The market breadth is negative as 318 shares advanced, against a decline of 342 shares, while 93 shares were unchanged.
Yes Bank, Tata Motors, Indiabulls Housing and Titan are the top losers, while Wipro, TCS, and HCL Technologies have lost the most.
Rupee opens The Indian rupee slipped in the early trade on Monday. It opened lower by 67 paise at 72.52 per dollar versus 71.85 Friday.
The government on Friday announced an array of steps, including removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June, and check the rupee’s fall against the dollar.
Navneet Damani of Motilal Oswal Financial Services said, "The recent high is likely to pose short-term resistance to the pair and consolidation within support at Rs 70.80-71.30 and resistance at Rs 72.50-72.90 zone could be expected for the next 1-2 weeks."
Shares of information technology stocks are trading in the green as a weaker rupee is making investors bet big on this sector. Mindtree, Tata Elxsi, Wipro, Infosys, and TCS, among others, are soaring amid a weak rupee. The shares are higher by 1-2 percent.
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Selling is intensifying on the market in the first half 20 minutes of trade.
At 09:33 hrs IST, the Sensex is down 351.78 points or 0.92% at 37738.86, while the Nifty is lower by 107.60 points or 0.93% at 11407.60. The market breadth is negative as 607 shares advanced, against a decline of 965 shares, while 102 shares are unchanged.
Wipro, Sun Pharma, and HCL Technologies are the top gainers, while Axis Bank, State Bank of India, Titan and Indiabulls Housing have lost the most.
Global markets are reacting to escalating trade war tensions, while a weak rupee is also weighing on indices.
Market Update: The benchmark indices are trading lower with Nifty hovering around 11,400 marks and Sensex is down 410.48 points at 37,680.16.
About 966 shares have advanced, 1328 shares declined, and 157 shares are unchanged.
HDFC Bank, Reliance Industries, HDFC, Infosys and ITC are the negative contributors to the Sensex.
Bank Nifty declines over 1%: The Bank Nifty is taking it on the chin on this Monday morning, falling over a percent. The sharp fall in rupee is weighing on the lender stocks. The index gave up 27,000-mark and is down over 300 points.
Among stocks, Bank of Baroda, State Bank of India, IndusInd Bank, ICICI Bank, and Axis Bank, among others are trading weak. Here is a look at the charts on how the sector has performed so far.
Rupee Update: Forex dealers have said that banks are likely to have placed fresh dollar bets as government steps have failed to lift the rupee, CNBC-TV18 reported, quoting news agency Cogencis.
Selling is intensifying on the market in the first half 20 minutes of trade.
At 09:33 hrs IST, the Sensex is down 351.78 points or 0.92% at 37738.86, while the Nifty is lower by 107.60 points or 0.93% at 11407.60. The market breadth is negative as 607 shares advanced, against a decline of 965 shares, while 102 shares are unchanged.
Wipro, Sun Pharma, and HCL Technologies are the top gainers, while Axis Bank, State Bank of India, Titan and Indiabulls Housing have lost the most.
IT stocks rally: Shares of information technology stocks are trading in the green as a weaker rupee is making investors bet big on this sector. Mindtree, Tata Elxsi, Wipro, Infosys, and TCS, among others, are soaring amid a weak rupee. The shares are higher by 1-2 percent.
RUPEE FALLS FURTHER: The Indian rupee has extended its losses from its opening levels. The currency fell to 72.67 per US dollar mark in the morning trade as investors may not have been impressed by the government measures announced over the weekend.
On Friday, the government announced a five-point strategy to arrest the rupee’s slide, after a late evening meeting that the prime minister took with Jaitley and Reserve Bank of India (RBI) Governor Urjit Patel, among others.
The measures include removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June and check the rupee’s fall
Market opens: It’s a gap-down opening on the market on this Monday morning, with the Nifty shedding 90 points in the opening tick. The Sensex is lower by over 200 points.
Weakness in Asian markets along with a further selloff in the rupee, which fell 1 percent, are weighing on the indices.
The Sensex is down 248.84 points or 0.65% at 37841.80, while the Nifty is down 90.20 points or 0.78% at 11425.00. The market breadth is negative as 318 shares advanced, against a decline of 342 shares, while 93 shares were unchanged.
Yes Bank, Tata Motors, Indiabulls Housing and Titan are the top losers, while Wipro, TCS, and HCL Technologies have lost the most.
Rupee opens The Indian rupee slipped in the early trade on Monday. It opened lower by 67 paise at 72.52 per dollar versus 71.85 Friday.
The government on Friday announced an array of steps, including removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June, and check the rupee’s fall against the dollar.
Navneet Damani of Motilal Oswal Financial Services said, "The recent high is likely to pose short-term resistance to the pair and consolidation within support at Rs 70.80-71.30 and resistance at Rs 72.50-72.90 zone could be expected for the next 1-2 weeks."
Shares of information technology stocks are trading in the green as a weaker rupee is making investors bet big on this sector. Mindtree, Tata Elxsi, Wipro, Infosys, and TCS, among others, are soaring amid a weak rupee. The shares are higher by 1-2 percent.
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RUPEE FALLS FURTHER: The Indian rupee has extended its losses from its opening levels. The currency fell to 72.67 per US dollar mark in the morning trade as investors may not have been impressed by the government measures announced over the weekend.
On Friday, the government announced a five-point strategy to arrest the rupee’s slide, after a late evening meeting that the prime minister took with Jaitley and Reserve Bank of India (RBI) Governor Urjit Patel, among others.
The measures include removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June and check the rupee’s fall
Market opens: It’s a gap-down opening on the market on this Monday morning, with the Nifty shedding 90 points in the opening tick. The Sensex is lower by over 200 points.
Weakness in Asian markets along with a further selloff in the rupee, which fell 1 percent, are weighing on the indices.
The Sensex is down 248.84 points or 0.65% at 37841.80, while the Nifty is down 90.20 points or 0.78% at 11425.00. The market breadth is negative as 318 shares advanced, against a decline of 342 shares, while 93 shares were unchanged.
Yes Bank, Tata Motors, Indiabulls Housing and Titan are the top losers, while Wipro, TCS, and HCL Technologies have lost the most.
Rupee opens The Indian rupee slipped in the early trade on Monday. It opened lower by 67 paise at 72.52 per dollar versus 71.85 Friday.
The government on Friday announced an array of steps, including removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June, and check the rupee’s fall against the dollar.
Navneet Damani of Motilal Oswal Financial Services said, "The recent high is likely to pose short-term resistance to the pair and consolidation within support at Rs 70.80-71.30 and resistance at Rs 72.50-72.90 zone could be expected for the next 1-2 weeks."
On Friday, the government announced a five-point strategy to arrest the rupee’s slide, after a late evening meeting that the prime minister took with Jaitley and Reserve Bank of India (RBI) Governor Urjit Patel, among others.
The measures include removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June and check the rupee’s fall
Market opens: It’s a gap-down opening on the market on this Monday morning, with the Nifty shedding 90 points in the opening tick. The Sensex is lower by over 200 points.
Weakness in Asian markets along with a further selloff in the rupee, which fell 1 percent, are weighing on the indices.
The Sensex is down 248.84 points or 0.65% at 37841.80, while the Nifty is down 90.20 points or 0.78% at 11425.00. The market breadth is negative as 318 shares advanced, against a decline of 342 shares, while 93 shares were unchanged.
Yes Bank, Tata Motors, Indiabulls Housing and Titan are the top losers, while Wipro, TCS, and HCL Technologies have lost the most.
Rupee opens The Indian rupee slipped in the early trade on Monday. It opened lower by 67 paise at 72.52 per dollar versus 71.85 Friday.
The government on Friday announced an array of steps, including removal of withholding tax on Masala bonds, relaxation for foreign portfolio investors and curbs on non-essential imports to contain the widening current account deficit (CAD), which has widened to 2.4 percent of GDP in April-June, and check the rupee’s fall against the dollar.
Navneet Damani of Motilal Oswal Financial Services said, "The recent high is likely to pose short-term resistance to the pair and consolidation within support at Rs 70.80-71.30 and resistance at Rs 72.50-72.90 zone could be expected for the next 1-2 weeks."
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