The BSE Capital Goods is one of the top losing indices on Monday. It is down by 0.9% at 17534. Larsen & Toubro is contributing to the index losses and dragging it to lower level. L&T is down 1.5% at Rs 1749 per share.
Other stocks in the index viz. AIA Engineering is down 2.1% at Rs 1324 per share, BHEL is down 0.6% at Rs 137.80 per share, Siemens is down 1327.50 per share, Havells India is down 0.9% at Rs 500 per share and CG Power is down 1.2% at Rs 83.40 per share.Meanwhile, Bharat Forge and Tata Global Beverages are trading at day’s low. Bharat Forge is down 0.7% at Rs 1168.60 per share, whereas Tata Global Beverages is down 0.8% at Rs 152.95 per share. At 12 PM, the S&P BSE Sensex is trading at 31107 down 154 points, while NSE Nifty is trading at 9622 down 45 points. A total of 73 stocks registered a fresh 52-week high in trade today, while 39 stocks touched a new 52-week low on the NSE. The BSE mid-cap Index is trading down 0.25% at 14838, while BSE small-cap Index is trading down 0.14% at 15528. Some buying activity is seen in Healthcare, Oil & Gas and Realty indices, while Energy, Finance and FMCG indices are showing weakness on BSE. Sun Pharma, Tech Mahindra, GAIL and Yes Bank are among the gainers, whereas Wipro, Bank of Baroda, ICICI Bank and NTPC are losing on the NSE. The INDIA VIX is up 4.5% at 11.3.
Indian equity markets may start the session with a gap down on Monday, tracking subdued cues from Asian peers. The SGX Nifty, which was trading with losses of 46 points at 9,636, indicated that domestic bourses may open negative at the opening bell.
The levels of 9,600-9,610 is an immediate support level for the Nifty50 index, and if it holds below level of 9,600-9,610 it may correct up to the level of 9,570. On the upside, the region of 9,700-9,710 may continue to act as a barrier and if the index holds above 9,710 it may move up towards the levels of 9,740-9,780. On Sunday, the Goods and Service Tax (GST) Council decided to lower the tax rate for 66 items. The market participants will keenly watch key economic data i.e. IIP data and Inflation numbers slated to be released today. Back home, despite opening the session on a cautious note and marking intra-day low in the afternoon session, Indian markets ended the last trading session of the week on a positive note led by buying in auto, realty and metal stocks. After registering record intra-day highs early in the day, the US stocks yielded some ground over the course of the trading day on the last trading session of the day. The tech-heavy Nasdaq Composite index sank 114 points to close at 6,208. The Dow closed at a record on Friday as it rose 89 points to end at 21,272. The S&P 500 edged down 2 points to finish at 2,432. Asian shares edge lower in early trades on Monday. Japan’s Nikkei 225 has been trading with loss of 68 points; Hong Kong’s Hang Seng has slipped 102 points, while China’s Shanghai Composite has shed 2 points.
