Mumbai, November 13: Ahead of the Consumer Price Index-based inflation data due later in the day, key Indian equity domestic indices- BSE Sensex and NSE Nifty opened flat during early morning trade on Monday. BSE Sensex was up by over 37 points or 0.11% at 33,351.80 while the wider Nifty was down at 10,320.35. The Indian rupee opened at 65.37 per dollar on Monday. The home currency has opened lower by 21 paise at 65.37 per dollar versus 65.16 Friday. Among the firms that are scheduled to report their quarterly earnings during the day are Idea Cellular, NTPC, NMDC, Indian Hotels, Apollo Hospitals, Bajaj Hindusthan Sugar, Future Enterprises, Tata Chemicals, PCJ, Gammon Infra, Gujarat State Petronet, among others. Meanwhile, the consumer price inflation (CPI) data for October will be released post market hours today.
At 3.35 PM: Markets closed in red on Monday. BSE Sensex was down by over 281 points or 0.84% at 33,033.56 while the wider Nifty was down by over 96 points or 0.94% at 10,224.95.
At 1.30 PM: Sensex was down by over 126 points or 0.38% at 33,187.91 while the wider Nifty was down by 46 points or 0.45% at 10,275.20.
At 11.45 AM: Sensex was down by over 151 points or 0.45% to 33,163.41 while the wider Nifty was down by over 62 points or 0.60% at 10,259.65. Shares of Anil Ambani-led Reliance Communications (RCom) slipped 14 per cent in Monday’s trade on huge Q2 losses and delays in its strategic debt restructuring.
At 10 AM: Markets traded in red after opening flat during early morning trade on Monday. BSE Sensex was down by over 65 points or 0.20% at 33,248.57 while the wider Nifty was down by over 30 points or 0.29% at 10,291.45. Idea Cellular on Monday reported a consolidated net loss of Rs 1,106.80 crore for the quarter ended September 30.
On Friday, markets ended in green after stocks pared their early losses to trade flat in late morning session amid lower Asian cues on uncertainty in US tax reforms. Sensex closed 63 points up or 0.19% at 33,314.56 while the wider Nifty was up by over 12 points or 0.12% at 10,321.75. Sensex slipped from its five-week winning streak in the last week, dropping 371.00 points to close at 33,314.56, while the broader fell well-below the psychological 10,400 to finish at 10,321.75.
As per PTI reports, the volatile trading week saw sustained selling couple of trading sessions, while buying in fundamentally strong stocks somewhat helped to cap larger losses. The market resumed the week on looming uncertainty on crude oil price crux following shakeup in Saudi kingdom, but the domestic liquidity flow kept the market afloat, marking new highs before succumbing to uncertainty.