Market starts on a cautious note amid weak global cues

DN Bureau

Market benchmarks Sensex and Nifty started on a tepid note on Monday weighed down by a sharp fall in other Asian equities amid uncertainty over US-China trade deal and escalating political issues in Hong Kong.

Representational Image
Representational Image

Mumbai: Market benchmarks Sensex and Nifty started on a tepid note on Monday weighed down by a sharp fall in other Asian equities amid uncertainty over US-China trade deal and escalating political issues in Hong Kong.

Also Read: Rupee gains 4 paise against US dollar in early trade

After opening over 100 points lower, the 30-share index pared some losses to trade 4.57 points, or 0.01 per cent, lower at 40,319.04. Similarly, the broader NSE Nifty slipped 7.75 points, or 0.06 per cent, to 11,900.40.

In the previous session, the Sensex ended 330.13 points, or 0.81 per cent lower at 40,323.61. Similarly, the Nifty plunged 103.90 points, or 0.86 per cent, to end at 11,908.15.

Foreign institutional investors purchased shares worth Rs 932.20. On the currency front, the rupee also depreciated 8 paise against the US dollar to trade at 71.37 in early session.

Also Read: Sensex falls over 100 pts; Sun Pharma rallies 5 pc

Brent futures, the global oil benchmark, fell 0.86 per cent to USD 61.97 per barrel.(PTI)

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