Today, Sensex opened 50 points down at 26,348, while the NSE Nifty opened 50 points down at 8,039. The S&P BSE Sensex is trading at 26,377 down 20 points, while NSE Nifty is trading at 8,081 down 9 points.
The gainers are SBI, NTPC, HUL, GAIL, Adani Ports, L&T, Axis Bank and ITC, whereas TCS, Infosys, Maruti Suzuki, Tata Steel and Power Grid are loser on BSE.
IT, Telecom, Auto and Tech sectors are showing weakness on BSE. Some buying activity is seen in oil & gas, realty, basic materials, capital goods, banking, pharma, FMCG and metal sectors.
34 stocks registered a fresh 52-week high in trades today, while 21 stocks touched a new 52-week low on the NSE.
Jyoti Structures climbed 12.3% to Rs.10.55 on BSE after the company announced that it has received a contract of US$ 14 million in South Africa.
The shares of Logistics stocks are gaining on the counter on the back of higher volumes on BSE.
Gati Ltd is currently trading at Rs. 171.6, up by Rs. 5.35 or 3.22% from its previous closing of Rs. 166.25 on the BSE. The scrip opened at Rs. 168.95 and has touched a high and low of Rs. 173.35 and Rs. 168.95 respectively. The current market cap of the company is Rs. 1461.32 crore.
TCS dropped 3.2% to Rs.2494 on BSE. The stock is top Nifty loser.
The Indian rupee opened lower by 12 paise at 68.04/$ against US Dollar on Monday as against the previous close of 67.96/$.
About eight of the top 10 most valued Indian companies together lost Rs.27,727.1 crore to their market valuation. While TCS, RIL, HDFC Bank, ITC, CIL, HDFC, HUL and ONGC suffered with losses, while Infosys and Sun Pharma saw increase in their market valuation.
CEO and Chief Portfolio Manager – PMS Ajay Bodke said that We feel investors need to take a measured approach and not get carried away by the doomsday scenario in so far as the impact on the Indian economy and markets is concerned. Once the dust settles, India will be a net gainer and inflows would continue to gravitate towards Indian shores.
