Sensex Open Lower On Weak Chinese Data; Asian Markets Slide

Published: Monday, January 4, 2016, 9:37 [IST]

Benchmark indices opened the day lower as Chinese markets fell sharply, following weakish manufacturing data.

The Shanghai Composite was down as much as 3 per cent, while the Japanese Nikkei, The Singapore Strait Times and the Korean Kopsi were all trading lower.

Sensex Open Lower On Weak Chinese Data; Asian Markets Slide

The Sensex was trading with losses of 157 points at 26,003 points, while the Nifty was down 52 points in trade.

Shares in Tata Motors fell after the company reported a 4 per cent decline in global sales. Hero Motor Corp was also trading lower after the company reported a 5 per cent, drip in sales for the month of Dec.

Coal India was trading form after the company reported a marginal improvement in production numbers.

Eicher Motors was trading almost 3 per cent higher, after a stunning growth in sales numbers. Mid cap stocks bucked the trend and were higher. The index was trading almost half a per cent higher, despite losses in the Sensex.

TVS Motors was higher after a marginal increase in volume numbers. The heavyweight banking sector saw declines in trade with Syndicate Bank, State Bank, ICICI Bank and HDFC Bank among the losers.

Meanwhile, most of the Asian markets were lower in trade on a weakish Chinese manufacturing data.

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Story first published: Monday, January 4, 2016, 9:37 [IST]