Photo: The Hindu Business Line
Chennai, India (BBN) - The benchmark BSE Sensex was trading down by nearly 80 points 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 11.20 a.m., the 30-share BSE index Sensex was down 78.37 or 0.23 per cent at 33,600.87 and the 50-share NSE index Nifty was down 31.7 points or 0.31 per cent at 10,358, reports The Hindu Business Line.
Among BSE sectoral indices, metal index fell the most by 0.65 per cent, followed by oil & gas 0.5 per cent, IT 0.44 per cent and FMCG 0.38 per cent. On the other hand, realty index was up 0.65 per cent, consumer durables and capital goods 0.61 per cent each and power 0.22 per cent.
Top five Sensex gainers were Axis Bank (+2.22%), NTPC (+1.36%), ONGC (+1.00%), L&T (+0.67%) and Sun Pharma (+0.63%), while the major losers were Adani Ports (-1.52%), HUL (-1.09%), Infosys (-1.00%), PowerGrid (-0.92%) and Tata Steel (-0.88%).
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