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Opening Bell: Sensex falls over 400 points, Nifty below 15,600 amid weak global cues

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The Sensex opened 0.87 percent, or 456.90 points lower at 51,887.55, while the Nifty50 index opened at 15,525.85, down 157.50 points, or 1.00 percent.

Opening Bell: Sensex falls over 400 points, Nifty below 15,600 amid weak global cues
The Indian equity benchmark indices opened sharply lower on Monday dragged by broad-based selling amid weak global cues.
At 9:15 am, the Sensex opened 0.87 percent, or 456.90 points lower at 51,887.55, while the Nifty50 index opened at 15,525.85, down 157.50 points, or 1.00 percent.
Broader markets, Nifty Smallcap100 and Nifty Midcap100, traded over a percent lower each.
All the sectoral indices traded in the red with the Nifty Bank, Nifty Metal, Nifty IT, Nifty Auto and Nifty Financial Services falling the most in the early morning session.
JSW Steel, Tata Motors, Hindalco Industries, SBI and IndusInd Bank were the top Nifty50 losers, while Adani Ports & SEZ, NTPC, HDFC Life Insurance and Hindustan Unilever were the top index gainers.
The share price of PNB Housing Finance plunged 5 percent after Sebi directed the company to halt its proposed Rs 4,000 crore deal with Carlyle group.
Globally, Asian stocks declined in Monday morning trade, as Japan’s markets plummeted in the morning. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.97 percent lower.

Market Movers

CompanyPriceChng%Chng
Dr Reddys Labs4,843.35 -567.90 -10.49
Cipla913.10 -37.45 -3.94
Axis Bank731.70 -24.60 -3.25
Adani Ports663.20 -19.60 -2.87
Divis Labs4,791.40 -129.75 -2.64
CompanyPriceChng%Chng
Dr Reddys Labs4,844.35 -564.80 -10.44
Axis Bank731.75 -24.40 -3.23
Kotak Mahindra1,697.95 -42.45 -2.44
Sun Pharma688.00 -15.55 -2.21
HDFC2,434.75 -29.40 -1.19
CompanyPriceChng%Chng
Dr Reddys Labs4,843.35 -567.90 -10.49
Cipla913.10 -37.45 -3.94
Axis Bank731.70 -24.60 -3.25
Adani Ports663.20 -19.60 -2.87
Divis Labs4,791.40 -129.75 -2.64
CompanyPriceChng%Chng
Dr Reddys Labs4,844.35 -564.80 -10.44
Axis Bank731.75 -24.40 -3.23
Kotak Mahindra1,697.95 -42.45 -2.44
Sun Pharma688.00 -15.55 -2.21
HDFC2,434.75 -29.40 -1.19

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.46000.04250.06
Euro-Rupee88.14600.44400.51
Pound-Rupee103.38800.70900.69
Rupee-100 Yen0.67900.00490.71