Sensex falls 200 points, Nifty slips below 17,350 on weak global cues

Domestic share market benchmarks were trading flat on Monday, mirroring weak global markets

 

 

Domestic share market benchmarks Bombay Stock Exchange Sensex and broader NSE Nifty 50 were trading weak on Monday on the back of weak the global markets.

 

The share markets were closed on Friday on account of ‘Ganesh Chaturthi’. And, on Monday it opened on a negative note, the 30-share Sensex was hovering around 58,050, whereas broader Nifty 50 index gave up 17,350.

 

The BSE Sensex was trading 254.29 points or 0.44 percent lower at 58,050. Similarly, NSE Nifty 50 fell 68.70 points or 0.40 percent to 17,300.

 

Apart from Nifty Media, Nifty Metal and Nifty Realty, all the sectoral indices were trading in the deep negative territory. Bank Nifty declines over half a percent to 36,483.

 

Reliance Industries Ltd (RIL) is top BSE Sensex loser, declining 2.06 percent, followed by ICICI Bank, Bajaj Finance, Dr Reddy’s Labs, M&M and Sun Pharma.

 

Bharti Airtel was the top BSE Sensex leader, rising 1.27 percent, followed by Tata Consultancy Services (TCS), Maruti Suzuki, Housing Development Finance Corporation (HDFC) and ITC.

 

In international markets, the Asian benchmarks, bourses in Shanghai, Seoul and Hong Kong were trading on deep in deep red in the mid-session deals. And, Tokyo too closed on a negative note.

India Scanner News Network

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