Market falls 200 points, Nifty around 10,650; KPIT Tech plunges 12%

After a flat start, the benchmark indices are now trading lower with Nifty slipped below 10,700 level.

The Sensex is down 192.12 points at 35616.83, while Nifty is down 56 points at 10668.40. About 600 shares have advanced, 1011 shares declined, and 75 shares are unchanged. The brokerage firm has retained buy and raised the target to Rs 1,005 from Rs 915 per share. It expects the company to deliver 43% earnings CAGR over FY18-21. It is a flat start for the benchmark indices on Monday with Nifty holding above 10,700 marks.

The Sensex is up 38.58 points at 35847.53, while Nifty is up 6.60 points at 10731. About 460 shares have advanced, 395 shares declined, and 52 shares are unchanged. 

L&T, Rel Infra, Reliance Capital, Biocon, Tata Steel, Infosys, Vedanta, Dr. Reddy's Lab, Tech Mahindra, Wipro, ONGC, are among major gainers, while losers are Yes Bank, Tata Motors, HUL, M&M, UPL and Grasim. The Indian rupee opened lower at 71.31 per dollar on Monday versus Friday's close 71.22.

Indian indices are flat in the pre-opening with Nifty holding above 10,700 level.

The Sensex is up 38.76 points at 35847.71, while Nifty is down 8.80 points at 10715.60.

Tech Mahindra, Dr. Reddy's Lab, Eicher Motors, Bajaj Auto are among major gainers in the pre-opening session, while KPIT Tech and Yes Bank down 10 percent. Asian share markets firmed on Monday as investors dared to hope for both progress at Sino-US trade talks in Washington this week and more policy stimulus from major central banks.

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