Hindu Business Line file photo
Chennai, India (BBN) – The Sensex and Nifty were trading marginally lower due to profit-booking by funds and retail investors amid weak global cues.
According to brokers, apart from profit-booking, sustained foreign fund outflows dampened the domestic sentiment. Also, traders remained wary ahead of key macroeconomic data to be published later this week, reports The Hindu Business Line.
Asian shares stepped back from decade highs as Chinese stocks stumbled for a second straight session, while the US dollar trod water ahead of a crucial Senate vote on tax reform.
At 11 a.m., the 30-share BSE index Sensex was down 40.07 points or 0.12 per cent at 33,684.37 and the 50-share NSE index Nifty was down 8.55 points or 0.08 per cent at 10,391.
Among BSE sectoral indices, PSU index fell 0.51 per cent, followed by oil & gas 0.5 per cent, TECk 0.38 per cent and power 0.38 per cent. On the other hand, metal index was up 0.75 per cent, healthcare 0.31 per cent, realty 0.21 per cent and auto 0.11 per cent.
Top five Sensex gainers were Tata Steel (1.05%), Coal India (+1.01%), HDFC (+0.87%), Maruti (+0.86%) and Asian Paints (+0.76%), while the major losers were ONGC (-1.36%), PowerGrid (-1.33%), NTPC (-1.02%), ICICI Bank (-0.95%) and Bharti Airtel (-0.89%).
MSCI’s broadest index of Asia–Pacific shares outside Japan slipped 0.3 per cent from last week’s high of 570.21 points. It was on track to end November in the black.
The index has been on an uptrend most of this year, posting a monthly loss only once in 2017. Australian shares were flat while Japan’s Nikkei rose 0.2 per cent.
Wall Street had been mixed on Monday, with the S&P 500 off a touch, the Nasdaq losing 0.1 per cent and the Dow up 0.1 per cent.
BBN/MMI/ANS
