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Benchmark Indian equity indices BSE Sensex and Nifty 50 opened lower on Monday, amid mixed global cues.
Sensex Today
The benchmark equity indices, BSE Sensex and NSE Nifty50, ended Monday’s choppy session on a flat note. The BSE Sensex closed at 79,496.15, up 9.83 points or 0.01 per cent from its previous close. The index traded within a range of 80,102.14 – 79,001.34 during the day.
The NSE Nifty50, on the other hand, settled at 24,141.30, down just 6.90 points or 0.03 per cent from its previous close. The index moved within a range of 24,336.80 to 24,004.60 on Monday.
Thirty out of the 50 constituent stocks ended in the red, dragged down by Asian Paints, Britannia, Apollo Hospitals, Cipla, and ONGC, with losses extending up to 8 percent.
Conversely, Power Grid Corporation, TCS, HCL Tech, Infosys, and Tech Mahindra were among the 19 stocks that ended in the green, with gains reaching up to 4.35 per cent on Monday. Meanwhile, Bajaj Auto ended flat.
Indian rupee ended flat at 84.38 per dollar on Monday versus Friday’s close of 84.37.
Global Cues
Markets in the Asia-Pacific region fell on Monday after China’s October inflation numbers came in lower than expected.
The country’s inflation rate declined to 0.3 per cent, missing expectations of 0.4 per cent and also lower than the 0.4 per cent seen in September.
Hong Kong’s Hang Seng index declined 2.23 per cent, while mainland China’s CSI 300 was ahead by 0.32 per cent. However, the Shanghai Composite was down 0.21 per cent.
Japan’s benchmark Nikkei 225 was down 0.33 per cent, while the broad-based Topix slipped 0.26 per cent.
South Korea’s Kospi was down 0.83 per cent, and the small-cap Kosdaq was 1.74 per cent lower.
Australia’s S&P/ASX 200 started was down 0.39 per cent.
That apart, the US S&P 500 zoomed past 6,000 points on Friday to a new record while Treasury yields retreated, as investors again cheered Donald Trump’s decisive victory, although disappointment about China’s latest fiscal support dampened the mood elsewhere.
