Market

Market trades weak, Sensex loses nearly 200 points; Zee Ent rises 10%

Updated : January 28, 2019 10:11 AM IST

Zee Entertainment rose 10 percent after the company on Monday said it agreed with its lenders to not sell its stake if the valuation drops.

Larsen and Toubro gained 3.45 percent after posting robust Q3 results on Friday.

TCS, Wipro and Tata Motors were among the other top gainers while Adani Ports, Cipla, ICICI Bank, Power Grid and Bajaj Auto were the top index losers.

Market trades weak, Sensex loses nearly 200 points; Zee Ent rises 10%

The Indian market opened negative despite strong global cues on the back of a temporary end to the US government shutdown.

At 10.08 AM, the BSE Sensex was trading at 35,834 points, down by 194 points, while the NSE Nifty was trading slightly lower at 10,710, losing over 60 points.

Investors remained jittery ahead of the announcement of the Interim Budget on Friday.

IT firm Mindtree slipped 2 percent in the opening hour after Coffee Day Enterprises said it will 'take required action' in the next few days to get a portion of the company's shares -- owned by CCD's VG Siddhartha -- released by the Income Tax Department.

Zee Entertainment rose 10 percent after the company on Monday said it agreed with its lenders to not sell its stake if the valuation drops. It was the top index gainer of the opening hour today.

Larsen and Toubro gained 3.45 percent after posting robust Q3 results on Friday. The company reported a 37 percent increase in its Q3 net profit on higher orders.

TCS, Wipro and Tata Motors were among the other top gainers while Adani Ports, Cipla, ICICI Bank, Power Grid and Bajaj Auto were the top index losers.

Facing mounting pressure, US President Donald Trump agreed on Friday to temporarily end a 35-day-old partial US government shutdown without getting the $5.7 billion he had demanded from Congress for a border wall.

The shutdown had left investors anxious and frustrated as it came at a time of heightened worries over slowing global growth, signs of stress in corporate earnings and a still unresolved Sino-US trade war.

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