Sensex, Nifty continues to lose

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Nifty

The benchmark indices, Sensex and Nifty continue to lose as early trading began on Monday.

The 30 share index Sensex lost 60.10 points at 32536.44 in the early hours of trade on Monday. The volatility extended on selling by domestic institutional investors (DIIs) amid weakness in Asian markets on trade war concerns.

Selling pressure on Teck, IT and oil & gas stocks also weighed on market sentiments.

Earlier the benchmark had lost 539.64 points in previous two sessions.

Major laggards were Bharti Airtel, Hero MotoCorp, Wipro, ITC, TCS, Infosys, Dr. Reddy’s, HDFC, Kotak Bank and Bajaj Auto that lose by over 2 percent.

Nifty continues to be below 10,000-mark

The broader 50 share index Nifty was trading down by 0.14 percent to at 9983.70.

Meanwhile, on a net basis, foreign portfolio investors (FPIs) bought shares of Rs 1628.19 crore while DIIs sold shares worth Rs 935.41 crore on Friday.

Asian markets continued to trade lower following a global sell-off amid rising trade war tensions between the US and China.

The brokers said Fears of a full-blown trade war dampened investor sentiment here.

Hong Kong’s Hang Seng shed 0.44 percent, while Japan’s Nikkei was down by 0.40 percent. Shanghai Composite Index lost 1.32 percent in early trade.

The Industrial Average ended 1.77 percent lower on Friday.

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