Share Market: Decline in early trading in domestic stock markets, investors become cautious
NSE Nifty was trading at 20,121.65 points with a loss of 70.7 points. Shares of Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were among the losers in the Sensex.
The 11-day rising trend in the stock markets took a break on Monday and a decline was recorded. Investors are cautious ahead of the weak trend of global markets and the US Federal Reserve’s interest rate announcement. BSE’s 30-share Sensex fell 286.6 points to 67,552.03 in early trade.
NSE Nifty was trading at 20,121.65 points with a loss of 70.7 points. Shares of Infosys, HCL Technologies, Tech Mahindra, HDFC Bank, Wipro and Reliance Industries were among the losers in the Sensex.
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 red, while China’s Shanghai Composite was trading with gains.
US 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.
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