The Indian market opened on a negative note amid mixed global cues on Monday.
The Indian market opened on a negative note amid mixed global cues on Monday. Benchmark indices Nifty50 and Sensex started marginally lower by around 0.1 per cent on Monday. The broader Nifty50 opened above 16500 and the Sensex dropped over 70 points to open near 55,610.64.
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Following benchmarks, Nifty midcap and small cap indices declined by nearly 0.2% and 04% respectively.
On sectoral front, FMCG, IT, Metal, Consumer Durable declined, while Autos, Banks gained.
In the pre-open, the Sensex tanked over 200 points or nearly 0.4% as nine stocks advanced and 21 shares declined on the 30-share index.
Earlier, SGX Nifty Futures, which indicates opening trends of the Indian market, declined more than 70 points, while other major Asian markets traded in the green on Monday.
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Japanese Nikkei 225, Hang Seng Index at the Hong Kong exchange and Chinese Shanghai composite were trading higher by 0.29%, 0.72% and 0.38% respectively in early trade on Monday.
Meanwhile, all important US indices on Wall Street ended in the red on Friday. US Benchmarks Dow Jones, Nasdaq and S&P 500 closed with losses of around 1% to 2.5%.
