News Details

( 06 Nov 2017)
Sensex, Nifty open lower; Bharti Airtel, RIL down 1%

The Indian benchmarks belled the day in the negative terrain on Monday, tracking weak cues from Asian peers, as investors resorted to profit booking after strong rally last week amid World Bank’s report on ‘Ease of Doing Business’. Index heavyweights such as Bharti Airtel, Reliance Industries, State Bank of India, Hero MotoCorp and Tata Steel opened lower. Markets across Asia were trading mostly lower as investors digested earnings reports, while caution prevailed as US President Donald Trump began his Asian tour.

The 30-share benchmark index was trading at 33616.42, down by 69.14 points or by 0.21 per cent, and the NSE Nifty was at 10431.75, down by 20.75 points or by 0.2 per cent.

In the opening trade, the Sensex touched intraday high of 33710.15 and intraday low of 33588.37, while the NSE Nifty touched intraday high of 10431.75 and intraday low of 10431.756.

The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 530.70,-1.97%), Reliance Industries Ltd. (Rs. 935.80,-1.04%), State Bank of India (Rs. 322.15,-0.88%), Hero MotoCorp Ltd. (Rs. 3667.05,-0.64%), Tata Steel Ltd. (Rs. 704.65,-0.60%), among others.

On the flip side, Mahindra & Mahindra Ltd. (Rs. 1350.50,+1.45%), Oil And Natural Gas Corporation Ltd. (Rs. 192.85,+0.78%), ITC Ltd. (Rs. 266.55,+0.43%), Tata Consultancy Services Ltd. (Rs. 2618.50,+0.22%), Power Grid Corporation of India Ltd. (Rs. 210.90,+0.14%), were among top gainers on BSE.

On the sectoral front, metal and bankex stocks emerged as top losers, falling as much as 0.66 per cent and 0.36 per cent, respectively.

The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 1152, shares advanced were 600, while 494 shares declined and 58 were unchanged.