Markets Open Lower In Early Trade

Posted By: Religare
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The key domestic benchmark indices opened in negative territory as the Brexit overhang continued to dampen trading sentiment at Dalal Street.

UK"s shock exit from the European Union has aggravated uncertainty surrounding the global economic outlook, curbing risk taking appetite.

Markets Open Lower In Early Trade

Volatility may remain high at the stock bourses this week while the rupee which tumbled the most in ten months on Friday may continue to remain under pressure with Brexit likely to prompt a shift away from risky assets including emerging market equities.

At 09:20 AM, the Bombay Stock Exchange bellwether Sensex was at 26352.54 down by 45.17 points or by 0.17 per cent, while the NSE Nifty was at 8080.20 points, trading lower by 8.40 points or by 0.10 per cent.

The BSE Sensex touched intraday high of 26371.67 and intraday low of 26298.87

The top gainers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 3189.95,+1.26 per cent), State Bank of India (Rs. 213.30,+0.97 per cent), Bajaj Auto Ltd. (Rs. 2700.00,+0.78 per cent), Adani Ports & Special Economic Zone Ltd. (Rs. 203.85,+0.74 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 759.00,+0.70 per cent), among others.

Meanwhile, Tata Consultancy Services Ltd. (Rs. 2524.45,-1.80 per cent), Infosys Ltd. (Rs. 1175.55,-1.59 per cent), Coal India Ltd. (Rs. 308.85,-0.90 per cent), Power Grid Corporation of India Ltd. (Rs. 154.40,-0.83 per cent), Maruti Suzuki India Ltd. (Rs. 4035.60,-0.82 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 1203 shares traded, 816 shares advanced, 307 shares declined while 80 were unchanged.

On the global front, Asian stocks were trading mixed today with investors awaiting more policy action from global central banks to suppress the market turmoil by pumping liquidity into financial markets.

Read more about: sensex, nifty
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