Lagatar24 Desk
A sharp decline across global equity markets triggered a weak start for Indian indices on Monday, with both Sensex and Nifty opening in negative territory. The BSE Sensex slipped from its previous close of 85,267 to 84,891.75 at the opening, while the NSE Nifty opened lower at 25,930.05 against Friday’s close of 26,046.95.
Sensex Sees Broad Decline; Only Five Stocks in Green
By the time of reporting, the Sensex had fallen 315.65 points to 84,952.01, while the Nifty was down 107.25 points at 25,939.70. Early trade witnessed deeper cuts, with the Sensex dropping nearly 390 points and the Nifty slipping 145 points. Out of the 30 Sensex stocks, only five were trading in the green.
HUL emerged as the top performer with a gain of 0.80 per cent, whereas Mahindra & Mahindra registered the steepest decline of 1.34 per cent.
Top Gainers and Losers on Dalal Street
Among the major gainers were HUL, Asian Paints, Bharat Electronics, Ultratech Cement and Tech Mahindra.
On the losing side, Mahindra & Mahindra, Power Grid Corp, Bajaj Finserv, TMPV and Bajaj Finance led the declines.
Large-caps such as Adani Ports, NTPC, Maruti Suzuki, Kotak Mahindra, HDFC Bank, SBI, Reliance, ICICI Bank, TCS, ITC, Infosys, and Tata Steel were all trading in the red, reflecting broad market weakness.
Global Markets Weak as US and Asia Extend Losses
Weak cues from the US further weighed on Indian markets. The Dow Jones fell 245 points to close at 48,479.04, while the S&P 500 dropped 73.11 points or 1.06 per cent to end at 6,848.89.
Asian markets also witnessed heavy selling. Japan’s Nikkei plunged 1.50 per cent or 745 points to 50,092.10 in early trade. Hong Kong’s Hang Seng dropped 235 points to 25,741, while South Korea’s Kospi fell 1.61 per cent to 4,099 after briefly sinking over 2 per cent. Australia’s S&P/ASX 200 was down nearly 0.66 per cent.
