The NSE Nifty too remained under pressure for the better part of the session and finished 37.75 points, or 0.44 per cent, down at 8,629.15.
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The Sensex of the BSE, which opened at 28,088.07 points, was trading at 28,079.97 points (at 9.17 a.m.) in the early session, higher 2.97 points or 0.01 per cent from the previous day’s close at 28,077 points.
The 30-stock index was with 11 advances and 18 declines and 1 remaining unchanged, while that of 51-stock index stood at 18 advances and 32 declines and 1 remaining unchanged.
The S&P BSE Sensex lost 0.3 percent to 27,985; while the NSE Nifty declined 0.4 percent to 8,629.
Mumbai: Indian equity markets were suppressed by negative global cues and a weak rupee on Monday.
The markets also traded with apprehension as caution prevailed ahead of a speech by Federal Reserve Chair Janet Yellen later in the week.
“Global market was volatile on concern over interest rate hike due to contradictory statement from the FED officials and the minutes”, he added.
Further, investors were seen cautious after the government’s decision on Saturday to appoint economist and banker Urjit R. Patel as the next Governor of the Reserve Bank of India (RBI).
Moreover, a weak rupee and lower crude oil prices also dented investors’ sentiments.
“The equity markets were slightly negative following global cues, mainly the Asian markets”.
The domestic markets have discounted the announcement on the new Reserve Bank of India governor on Mondaymorning.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 409.94 crore last Friday, as per provisional data released by the stock exchanges.
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The top losers were Tata Steel at Rs 386.55 below 1.47%, followed by Lupin at Rs 1557.20 (1.27%), Hero MotoCorp at Rs 3324.75 (1.03%), Mahindra & Mahindra at Rs 1441.55 (0.85%), Sun Pharma at Rs 776.25 (0.82%) and Maruti Suzuki at Rs 4859.80 (0.80%). The US Dow Jones Industrial Average ended 0.24 per cent lower in Friday’s trade.
