The Indian market started with gains on Monday, outperforming Asian peers, but soon turned volatile as financial, energy and auto stocks dragged. Support for indexes came largely from IT and pharma sectors, while some value buying was seen among specific large cap private sector bank stocks.
At 9.41 am, the Sensex was up by nearly 14 points, trading at 35,755, while the Nifty was trading at 10,731, down by more than 22 points. The Sensex started almost 90 points up at 35,832 in early trade, while the Nifty was higher by 22 points, at 10,776.
Broader market indices also under-performed with the Nifty MidCap down by 0.25 percent. The BSE MidCap also slipped by 0.17 percent.
As many as 28 sectors declined against 15 advancing. BSE Realty, Nifty Metal, BSE Consumer Durables, Nifty Auto and Nifty Realty were the top five declining sectors, slipping by up to 1.02 percent, while BSE IT, BSE Teck, BSE Healthcare, Nifty IT and BSE FMCG were among the top gaining sectors, rising by up to a percent.
Among the index gainers, Sun Pharma, Tata Consultancy Services, Infosys, SBI, Tech Mahindra, Wipro and Adani Ports, rose by up to nearly 1.74 percent, while Hero MotoCorp., JSW Steel, Bajaj Auto, Vedanta, Asian Paints and Tata Steel were among the top index losers, falling by up to 3.43 percent.
In currency market, the rupee opened flat
at 70.18 per dollar on Monday, boosted by easing macro concerns owing to depressed global crude oil prices. The home currency had closed at 70.15 on Friday.
In Asia, Hong Kong's Hang Seng dipped half a percent, South Korea's Kospi slipped 0.30 percent. Shanghai Composite was marginally up.
Japanese markets are closed.
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