The benchmark indices are buying and selling decrease in the pre-opening session amid mixed global cues on Monday. The 30-share BSE Sensex fell 136.61 factors to 65,872.54. The Nifty dipped 39.7 factors to 19,634.55.
Among the Sensex corporations, Larsen & Toubro, Axis Bank, ITC, Infosys, Tata Consultancy Services, Reliance Industries, Hindustan Unilever and IndusInd Bank had been the foremost laggards. Bajaj Finance, Bajaj Finserv, Maruti and Asian Paints had been the gainers.
Asian and US markets
In Asian markets, Seoul, Shanghai and Hong Kong had been quoting in the destructive territory whereas Tokyo traded in the inexperienced. The US markets ended decrease on Friday.
Global oil benchmark Brent crude climbed 0.21 per cent to USD 93.47 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities value Rs 1,326.74 crore on Friday, in line with alternate information. Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the primary three weeks of September.
Rupee falls towards greenback
The rupee depreciated by 16 paise to 83.10 towards the US greenback in early trade on Monday, taking cues from subdued fairness market sentiment and a agency American foreign money towards main rivals abroad.
At the interbank international alternate, the home unit opened weak at 83.04 and hit the bottom degree of 83.10 towards the dollar, registering a fall of 16 paise from its earlier shut. On Friday, the rupee gained 19 paise to shut at 82.94 towards the greenback.
Analysts attributed the achieve in rupee to JP Morgan’s announcement that it’ll embody Indian authorities securities in its global bond index beginning June 2024, a transfer which is anticipated to convey in USD 25-30 billion of inflows into the Indian debt market.
(With PTI inputs)
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