Sensex Falls Over 150 Points, Nifty Tests 24,300; BoB Down 3%

Indian benchmark indices retreated at open on Monday, with BSE Sensex slipping 161 points at 79,8835 points, while the Nifty50 index fell slightly by 0.06 per cent to 24,310.

On BSE Sensex Titan led the losses, followed by Adani Ports, IndusInd Bank, Asian Paints, ICICI Bank and Tata Steel while Tata Motors, HUL, ITC, HCL Tech, Axis Bank and L&T were among top gainers.

In contrast to the benchmarks, the broader markets showed strength, with the MidCap index rising by 0.33 per cent and the SmallCap index up 0.76 per cent.

Global Cues

Stock exchanges in the Asian-Pacific region were mostly a sea of red this morning, with Japan’s Nikkei slipping by 0.17 per cent with broad based Topix sliding by 0.47 per cent.

South Korean Kospi declined by 0.07 per cent, while the small-cap Kosdaq rose by 0.86 per cent. Futures for Hong Kong’s Hang Seng index were down by 0.78 per cent.

On Friday in the US, S&P 500 saw a modest gain of 0.54 per cent. Meanwhile, the tech-heavy Nasdaq rose by 0.90 per cent to finish. The Dow Jones Industrial Average also posted a gain, adding 0.17 per cent during the trading session.