Decline in early trade in domestic stock markets
The 11-day rising trend in the local stock markets came to a halt on Monday and a decline was recorded. Investors are cautious due to the weak trend of global markets and the announcement of interest rates by the US Federal Reserve. BSE’s 30-share Sensex fell 286.6 points to 67,552.03 points in early trade. NSE Nifty was trading at 20,121.65 points with a loss of 70.7 points. In the Sensex, shares of Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were in loss. Whereas shares of Mahindra & Mahindra, Titan, NTPC and Asian Paints were in profit. In other Asian markets, South Korea’s Kospi, Hong Kong’s Hang Seng and Japan’s Nikkei were in the loss, while China’s Shanghai Composite was trading in profit. American markets closed with a negative trend on Friday. Global oil standard Brent crude was up 0.42 percent at $ 94.30 per barrel. Foreign institutional investors bought shares worth Rs 164.42 crore on Friday.