Sensex, Nifty open positive then slip

The BSE Mid-cap Index is trading up 0.25% at 11,002, whereas BSE Small-cap Index is trading down 0.07% at 11,315. M&M, Tata Motors, ICICI Bank,Maruti Suzuki, Coal India, Axis Bank and Vedanta are among the gainers, whereas Sun Pharma, L&T, Bajaj-Auto, ITC, Hero MotoCorp and Bharti Airtel are losing sheen on BSE.

At 9:22 AM, the S&P BSE Sensex is trading at 26,000 down 57 points, while NSE Nifty is trading at 8,052 down 14 points.

The BSE Mid-cap Index is trading up 0.25% at 11,002, whereas BSE Small-cap Index is trading down 0.07% at 11,315.

M&M, Tata Motors, ICICI Bank,Maruti Suzuki, Coal India, Axis Bank and Vedanta are among the gainers, whereas Sun  Pharma, L&T, Bajaj-Auto, ITC, Hero MotoCorp and Bharti Airtel are losing sheen on BSE.

Indian Rupee today opened at 65.38/$ in early trade on Monday. On the global front, the US markets had ended weak and Asian markets are showing a mixed trend with a  negative bias. China PMI fell for the eighth month in a row though it was less severe than September.The preliminary Caixin China manufacturing PMI stood at 48.3 in October, which was better than expectations.Growing perception of US Federal Reserve hiking interest rates in December has changed the complexion of the game. Fed at its policy meeting indicated a possibility of a rate hike in December.