Thursday, 21 February, 2019

Sensex, Nifty Modestly Lower In Early Trade

Sensex ends at new peak Nifty slips from record high Sensex, Nifty Modestly Lower In Early Trade
Nellie Chapman | 06 November, 2017, 22:24

India shares were little changed on Monday as investors took a pause after indexes hit record highs last week.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,710.15 points, traded at 33,806.42 points - up 120.86 points or 0.36 per cent - from its Friday's close.

At 0540 GMT, the S&P BSE Sensex rose 0.07 percent at 33,709 while the broader NSE Nifty lost 0.03 percent to 10,449.

Major Sensex gainers on Monday were: Tata Motors (DVR), up 5 per cent at Rs 259.25; ONGC, up 3.81 per cent at Rs 198.95; Tata Motors, up 3.28 per cent at Rs 461.55; Mahindra and Mahindra, up 2.49 per cent at Rs 1,364.35; and Cipla, up 1.87 per cent at Rs 540.

Losers included, BhartiArtl 1.26 pct, SunPharma 1.30 pct, Kotak Bank 1.17 pct and Reliance 1.00 pct. Domestic institutional investors (DIIs) bought shares worth a net Rs 33.40 crore.

On Friday, the benchmark indices closed at high levels on the back of broadly positive global cues, coupled with healthy buying in banking, capital goods and auto stocks.

Asian stocks were trading lower as investors were cautious after a surprise shakeup over the weekend in Saudi Arabia and with President Donald Trump in Asia for more than a week of high-profile meetings.

On the currency front, the rupee weakened by 13 paise to close at 64.68 against the U.S. dollar from its previous close at 64.55.

The Indian unit hovered between 64.74 and 64.67 per dollar during morning deals, it was quoting at 64.72 per dollar at 1130 hrs.

The losses in Asian shares came despite gains in Wall Street on Friday, with the Dow Jones Industrial Average up 0.1 percent, the S&P 500 gaining 0.31 percent and the Nasdaq adding 0.74 percent.