The BSE Sensex and NSE Nifty opened flat with negative bias tracking mixed global cues. (Photo: PTI)
10.14 am: The benchmark BSE Sensex was down over 75 points in early trade on profit booking by investors in recent gainers despite positive macroeconomic data. Brokers said sentiment turned weak despite industrial production grew at a nearly three-year high of 6.4 per cent in August on account of improvement in manufacturing as well as
mining activity and better offtake of capital goods. Nifty was down 19 points at 8,123.
9.45 am: Sensex slipped further 99.62 points at 26,804.49. Nifty was down 25.95 points at 8,117.65.
9.24 am: Sensex was down 25.95 points at 26,878.16. Nifty was down 3.10 points at 8,140.50. Cox & Kings shares were trading 2.67 per cent up at Rs 253.65 apiece. The Cox & Kings Group has acquired 100 per cent of the issued and outstanding shares of Late Rooms (UK) (Late Rooms) for GBP 8.5 million. The acquisition fits the group’s strategic intent to expand its global online and B2C leisure proposition.
Domestic equity markets opened flat with negative bias tracking mixed global cues. Sensex opened 29.82 points down at 26,874. Nifty opened 21.65 points down 8,121.95.
Hindalco,Vedanta and Infosys were down over 2 per cent in the early trade.
Retail inflation also rose to 4.41 per cent in September due to costlier food items in general and beverages and pulses in particular. The Consumer Price Index (CPI) based inflation in August stood at 3.74 per cent on cheaper vegetables, fruits and protein rich items, government data showed on Monday.
Sensex and Nifty slid 0.65 per cent and 0.56 per cent at 26,904.11 and 8,143.60 on Monday. Foreign portfolio investors (FPIs) bought shares worth a net Rs 317.56 crore on Monday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 175.07 crore, as per provisional data.
IT major TCS will announce its second quarter earnings on Tuesday.
Global Markets
New York: Gains in utilities offset a retreat in energy shares on Monday, leaving US stocks slightly higher as investors remained nervous about third-quarter corporate results.
London: Britain’s top share index fell on Monday after posting its biggest weekly gain since 2011 in the previous session, weighed down by mining and aerospace stocks.
Tokyo: Japan’s Nikkei share average fell on Tuesday morning as profit-taking from last week’s gains hit home and oil-related stocks were sold on lower oil prices.
(With inputs from agencies)
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