Traders are cautious ahead of the Reserve Bank of India’s monetary policy review on Tuesday. (Photo: Reuters)
9.49 am: Gammon India shares surged as much as 16.27 per cent in the early trade on Monday after the company announced on Thursday post market hours that it has secured the Engineering, Procurement & Construction (EPC) project worth Rs 1,709.99 crore from National Highways Authority of India (NHAI).
9.40 am: The rupee rose by 14 paise at 66.02 against the US dollar in early trade on Monday on fresh selling of the American currency by exporters.
9.34 am: Traders are cautious ahead of the Reserve Bank of India’s monetary policy review on Tuesday. Sensex was down 80.94 points at 25782.56. Nifty was down 19.45 points at 7,849.
9.22 am: The BSE Bankex and BSE FMCG index were up 0.41 per cent and 0.39 per cent at 19776.41 and 7,602, respectively. Sensex and Nifty were up 6.03 points and 1.55 points at 25,869 and 7,870, respectively.
Domestic equity markets opened flat on Monday amid tepid cues from Asian markets. Sensex opened 59.21 points up at 25,922.71. Nifty opened 24.3 points down at 7,892.80. Banking and FMCG stocks also opened higher.
Back home, the Indian markets ended modestly higher on Thursday ahead of a long weekend and the upcoming monetary policy meeting on September 29. Mixed global cues, rupee weakness and portfolio churning on the eve of the expiry of September derivative contracts limited potential gains. Sensex and Nifty jumped 0.16 per cent and 0.29 per cent at 25,863.50 and 7868.50, respectively, on Thursday. Domestic equity markets were closed on Friday on account of Eid.
Global Markets
Asian stocks sagged on Monday after Wall Street’s uninspiring Friday performance and ahead of key economic indicators, while the dollar consolidated its gains against the yen and euro.
Tokyo’s Nikkei lost 1.1 per cent on caution ahead of coming announcements including Tuesday’s Japan industrial production, Thursday’s China Caixin Purchasing Managers’ Index (PMI) and US non-farm payrolls on Friday.
The S&P 500 erased an early Federal Reserve-driven rally on Friday and closed slightly lower amid a selloff in biotech shares, and the Nasdaq lost 1 per cent. The Dow , however, managed to rise 0.7 per cent.
MSCI’s broadest index of Asia-Pacific shares outside Japan stood virtually flat. Shanghai shares fell 0.3 per cent. Financial markets in South Korea, Hong Kong and Taiwan are closed on Monday for public holidays.
(With inputs from agencies)
| Subscribe To Our Free Newsletter |
