Decline in early trade in domestic markets, rupee also fell

Mumbai Domestic markets fell in early trade on Monday amid weak trend in Asian markets and continuous withdrawal of foreign funds. BSE’s 30-share Sensex fell 318.75 points to 64,940.70 in early trade. Nifty slipped 82.8 points to 19,442.75. Among Sensex companies, shares of Bajaj Finance, Infosys, ICICI Bank, Nestle, Kotak Mahindra Bank and Asian Paints were among the losers. Shares of NTPC, IndusInd Bank, Sun Pharma and Power Grid were among the gainers. In other Asian markets, South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng were among the losers. Whereas Japan’s Nikkei remained in profit. US markets closed on a positive note on Friday. The stock markets were open for Muhurta trading for one hour on November 12 on the occasion of Diwali. This session also marks the beginning of a new era. Trading in ‘Muhurat’ or auspicious time is believed to bring prosperity to the stakeholders. The Hindu calendar year starts from Diwali, which is called Samvat. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 190.06 crore on Sunday.

Rupee falls by four paise at 83.32 per dollar in early trade