Equity benchmark Sensex dropped over 200 points in opening trade on Monday tracking losses in index majors HDFC, ITC and L&T amid tepid cues from global markets.<\/p>\n\n\n\n
After dropping to 50,685.42, the 30-share BSE index pared most losses to trade 65.13 points or 0.13 per cent lower at 50,824.63.<\/p>\n\n\n\n
After a similar movement, the broader NSE Nifty was quoting 8.40 points or 0.06 per cent down at 14,973.35.<\/p>\n\n\n\n
L&T was the top loser in the Sensex pack, shedding around 2 per cent, followed by M&M, Dr Reddy’s, Maruti, HDFC, TCS and Bajaj Auto.<\/p>\n\n\n\n
On the other hand, ONGC, HDFC Bank, Tech Mahindra and Infosys were among the gainers.<\/p>\n\n\n\n
In the previous session, Sensex ended 434.93 points or 0.85 per cent lower at 50,889.76, and Nifty gave up the 15,000 level, dropping 137.20 points or 0.91 per cent to 14,981.75.<\/p>\n\n\n\n
Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 118.75 crore on Friday, as per exchange data.<\/p>\n\n\n\n
“As the last week of trading in February begins, there are some negative signals and news. The rise in the US 10-year bond yield to 1.36 per cent reflects the markets’ concern about a potential rise in inflation, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.<\/p>\n\n\n\n
Back home, the escalation in COVID-19 cases in Maharashtra is emerging as a cause of concern, he said, adding that these concerns have impacted FPI flows to the market which, though positive, appears to be slowing down.<\/p>\n\n\n\n
Elsewhere in Asia, bourses in Shanghai and Seoul were trading on a positive note in mid-session deals, while Hong Kong and Tokyo were in the red.<\/p>\n\n\n\n
Meanwhile, the global oil benchmark Brent crude was trading 1.06 per cent higher at USD 62.80 per barrel.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
Equity benchmark Sensex dropped over 200 points in opening trade on Monday tracking losses in index majors HDFC, ITC and L&T amid tepid cues from global markets. After dropping to 50,685.42, the 30-share BSE index pared most losses to trade 65.13 points or 0.13 per cent lower at 50,824.63. After a similar movement, the broader NSE Nifty was quoting 8.40 points or 0.06 per cent down at 14,973.35. L&T was the top loser in the Sensex pack, shedding around 2 per cent, followed by M&M, Dr Reddy’s, Maruti, HDFC, TCS…<\/p>\n","protected":false},"author":1,"featured_media":28294,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[],"_links":{"self":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29533"}],"collection":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29533"}],"version-history":[{"count":1,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29533\/revisions"}],"predecessor-version":[{"id":29534,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29533\/revisions\/29534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/media\/28294"}],"wp:attachment":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}