Nifty around 10,850, Sensex falls 100 pts; RCom tumbles over 50%
Indian indices started the day on a negative note with Nifty trading around 10,850 level.
At 09:18 hrs IST, the Sensex is down 132.64 points at 36336.79, while Nifty is down 42.50 points at 10851.20. About 315 shares have advanced, 533 shares declined, and 41 shares are unchanged.
Zee Entertainment, Yes Bank, Hero Moto, Indiabulls Housing, Reliance Communications, Reliance Infra are trading lower, while gainers are Titan and Divis Lab. Benchmark indices are trading mixed in the pre-opening session with Nifty above 10,850 level.
At 09:02 hrs IST, the Sensex is up 41.39 points or 0.11% at 36510.82, and the Nifty down 30.00 points or 0.28% at 10863.70.
Vedanta gained 3 percent in pre-opening session, while Zee Entertainment, Hero Moto, DHFL, Reliance Infra, Reliance Capital are trading lower. Crude oil prices slipped on Monday after gains of about 3 percent in the previous session, but they were buoyed by expectations of tightening supply and signs that China-US trade tensions could ease. Trends on SGX Nifty indicate a flat start for the broader index in India, a fall of 12.50 points or 0.11 percent. Nifty futures were trading around 10,899-level on the Singaporean Exchange. Asia stocks were barely moved on Monday, staying near a four-month high after Wall Street’s tepid pre-weekend performance, while the dollar was supported against the yen following strong US jobs and manufacturing data.
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