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Sensex, Nifty Start On A Choppy Note On Weak Global Cues

Sensex, Nifty Start On A Choppy Note On Weak Global Cues

Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Monday tracking weak cues from global markets as rising rift between the US and China kept investors on edge.

The 30-share index was trading 23.96 points, or 0.06 per cent, lower at 37,439.03. The broader NSE Nifty was also trading 7.85 points, or 0.07 per cent, down at 11,271.05.

In the previous session on Friday, the BSE bourse closed 95.92 points, or 0.26 per cent, down at 37,462.99; and the Nifty shed 22.90 points, or 0.20 per cent, to settle at 11,278.90.

Top losers in the Sensex pack include L&T, Tata Steel, M&M, NTPC, Sun Pharma, HDFC twins, Kotak Bank, Yes Bank and Sun Pharma, shedding up to 1.98 per cent.

On the other hand, SBI, TCS, HUL, ONGC, Bajaj Finance, Vedanta, Hero MotoCorp, HCL Tech, Bharti Airtel, Maruti, ITC and RIL, were among the top gainers, rising up to 1.35 per cent.

Foreign institutional investors (FIIs) sold equity worth ₹ 1,245.14 crore on Friday, while domestic institutional investors (DIIs) purchased shares to the tune of ₹ 1,057.42 crore, provisional data available with stock exchanges showed.

Meanwhile, on the currency front, rupee depreciated 19 paise to 70.11 against the US dollar.

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