Sensex, Nifty Slip Into Red In Early Trade
(RTTNews) - Indian shares opened lower on Monday, with weak global cues and concerns about Adani Group's governance and disclosures keeping investors nervous.
The benchmark S&P/BSE Sensex dropped 238 points, or 0.4 percent, to 60,604 in early trade, while the broader NSE Nifty index was down 93 points, or half a percent, at 17,760.
Adani Enterprises extended recent losses to trade over 5 percent lower while Hindalco, HDFC Life, Eicher Motors and Divis Laboratories fell 2-4 percent.
Axis Bank, ITC, Adani Ports and IndusInd Bank were up 1-2 percent.
Vodafone Idea shares jumped 15 percent after a long-awaited equity conversion plan was cleared, paving the for the government to become the largest shareholder in the company.
Tata Steel declined nearly 2 percent ahead of its earnings release.
SBI dropped half a percent despite posting record profit in Q3.
DMart fell around half a percent on repots It has bought as many as 28 housing units worth Rs 1,238 crore in Mumbai.
IDFC First Bank rose over 1 percent on fund raising reports.
ONGC slipped half a percent on reports it is looking at tie-ups with private companies to monetize discoveries quickly.
Kotak Mahindra Bank fell 1.3 percent on reports it is in fray to acquire a stake in IDBI Bank.
Asian Markets Trade Mixed
Sensex, Nifty Seen Flat To Lower At Open
Thai Stock Market May Snap Losing Streak On Tuesday
Japanese Market Slightly Higher
Indonesia Stock Market To Remain Rangebound On Tuesday
Mild Upside Seen For Hong Kong Stock Market
Australian Market Notably Lower
