Photo: The Hindu Business line
Chennai, India (BBN) - The benchmark BSE Sensex dropped over 50 points and the Nifty50 fell below 10,350 due to S&P’s status quo on sovereign rating amid a likely rise in volatility ahead of expiry of November futures & options contracts and OPEC meeting on oil output cut later this week.
At 9.25 a.m., the 30-share BSE index Sensex was down 67.80 or 0.2 per cent at 33,611.44 and the 50-share NSE index Nifty was down 30.5 points or 0.29 per cent at 10,359.55, reports The Hindu Business Line.
Among BSE sectoral indices, TECk index was down 0.42 per cent, PSU 0.41 per cent, IT 0.39 per cent and banking 0.25 per cent. On the other hand, capital goods index was up 0.3 per cent, consumer durables 0.2 per cent,
infrastructure 0.07 per cent and realty 0.04 per cent.
Top five Sensex gainers were ONGC (+1.44%), L&T (+0.7%), Lupin (+0.51%), ICICI Bank (+0.33%) and M&M (+0.16%), while the major losers were Infosys (-1.28%), Adani Ports (-1.16%), Sun Pharma (-0.93%), Bharti Airtel (-0.91%) and HUL (-0.77%).
Asian stocks gave back earlier modest gains and fell back from a decade high on Monday, weighed by weakness in the Chinese and South Korean markets, while the euro reached a two-month top against the dollar.
MSCI’s broadest index of Asia–Pacific shares outside Japan rose early in the session on Friday’s Wall Street gains but was last down 0.65 per cent.
BBN/MMI/ANS