Mumbai, India (BBN)-Weak global cues saw the Nifty and the Sensex slip into the red in early trade after opening in the green.
The Nifty opened 28 points up at 8,102, while the Sensex opened 97 points up at 26,247.
At 9:40am, the 30-share BSE index Sensex was down 72.12 points or 0.28 per cent at 26,078.12 and the 50-share NSE index Nifty was down 22.35 points or 0.28 per cent at 8,051.75.
A report by SMC Global said: “Asian shares were on the defensive on Monday, undermined by fears that the strength in the US dollar and rising US bond yields since Donald Trump’s election to president could accelerate fund outflows from emerging markets. US stocks ended lower on Friday, with healthcare stocks leading the declines, as investors cashed in on a post-election rally and waited for clarity on the next administration’s policies. Japan had a merchandise trade surplus of 496.174 billion yen in October, the Ministry of Finance said. That was shy of expectations for a surplus of 610.0 billion following the downwardly revised 497.6 billion yen deficit in September (originally 498.3 billion). Exports were down 10.3 percent on year, missing forecasts for a fall of 8.5 per cent following the 6.9 per cent decline in the previous month. Imports sank an annual 16.5 percent versus expectations for a decline of 16.1 per cent after sliding 16.3 per cent a month earlier.”
All sectoral indices barring media and metals were trading in the red. Volatility was up 1.29 per cent with the India Vix quoting at 18.0350.

BBN/SS/ANS