BSE Sensex opened lower by 25 points at 29395, while the Nifty50 opened lower by 14 points at the 9093 mark.
At 9:15 AM, the BSE Sensex opened lower by 25 points at 29395, while the Nifty50 opened lower by 14 points at the 9093 mark.
Sensex closed at 29167.68, fell by 317.77 points or by 1.08%, and the NSE Nifty ended at 9030.45, slipped by 91.05 points or by 1.00%.
There are 754 advances, 586 declines and 430 unchanged stocks on NSE reflecting fairly positive bias floating in the market. ICICI Bank is the top Nifty gainer and Aurobindo Pharma is the top Nifty loser in the morning hours on Monday. Indian equities markets are likely to open flat to negative on Monday as the cues from Asian peers are subdued. The SGX Nifty, which was trading at 9,104, down by 7 points or 0.08%, also signalled a flat to negative opening.
Nifty50 needs to sustain above the level of 9,170 to continue its upward movement. If it does, it is likely to scale up to levels of 9,220-9,300. On the downside, the level of 9,060 is an immediate support for Nifty50 and the next support is placed around the level of 9,000.
The US stocks closed mostly lower, with major indices posting the biggest weekly losses in months, after House Republican pulled a controversial Healthcare bill from consideration as they did not have enough vote to pass the bill.
Benchmark US stock market indices ended the session. The S&P 500 index ended fractionally lower, the blue-chip Dow Jones Industrial Average slipped about 0.3 percent and the Nasdaq Composite Index rose about 0.2 percent.
Asian markets are trading in the negative terrain on Monday. Japan’s Nikkei 225 has declined about 300 points. Hang Seng is trading flat with negative bias and Shanghai Composite has gained 8 points.
Major Headlines of the day:
D-Mart IPO receives bumper listing on the exchanges.
Stock Update: HCL Technologies.
M&M subsidiary sells 100% stake in MICPL.
Trend in FII flows: The FIIs were net buyers of Rs 543.35 the cash segment on Friday while the DIIs were net sellers of Rs 116.50 as per the provisional figures.
Securities in Ban For Trade Date 27-MAR-2017: