Domestic equity markets opened lower on Monday tracking weak global cues. (Express Photo)
9.50 am: The rupee slipped from a one-month high by depreciating 21 paise to 65.88 against the US dollar at the Interbank Foreign Exchange in early trade on Monday on foreign funds outflows amid fresh demand for the American currency from importers. The BSE IT index was down 0.22 per cent at 11,204.37. Sensex was down 176 points, or 0.67 per cent, at 26,042.71. Nifty was down 49.45 points at 7932.42.
9.20 am: Sensex was down 214 points at 26,004. Nifty was down 64 points at 7,917. In the 30-share index Hindalco, Tata Steel and ICICI Bank were trading 2.36 per cent, 1.77 per cent and 1.76 per cent down at Rs 74.35, Rs 223.70 and Rs 273.10.
Domestic equity markets opened lower on Monday tracking weak global cues. The BSE Sensex opened 110.93 points down at 26.107.98. NSE Nifty opened 70.40 point down at 7,911.50.
Asian shares tumbled on Monday after the US Federal Reserve’s decision to keep interest rates at record lows raised fresh concerns about growth globally.
France’s finance minister reaffirmed the country’s commitment to economic reforms on Friday after ratings agency Moody’s cut French bond ratings by a notch to Aa2, citing continued weakness in the country’s medium-term growth outlook.
Back home, Sensex and Nifty gained around 1 per cent on Friday.
Global Markets
New York: Wall Street stocks closed lower on Friday in heavy trading as the Federal Reserve’s decision to keep interest rates near zero fuelled concerns about the potential impact of continuing weak global growth on US corporate earnings.
London: Britain’s top share index fell sharply on Friday, led lower by commodities stocks, after the U.S. Federal Reserve left interest rates unchanged on concerns about the health of the global economy.
Tokyo: Japanese stocks snapped a three-day winning streak on Friday after the Federal Reserve kept interest rates at a record low, raising worries about the health of both the U.S. and global economies.
Hong Kong: The Hang Seng Index down 1.1 percent.
(With inputs from agencies)
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